Bullish Sign for Oil ETFs as Crude Oil Futures Surge

MarketsETF Trends

This article was originally published on ETFTrends.com.

The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, have recently been surging. Some data points suggest are traders are betting on more upside for oil. Current OPEC compliance with production cut plans remains [...]

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