Market Observers Believe Oil Can Keep Surging
This article was originally published on ETFTrends.com.
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, continues ascending to multi-year highs and is up more than 6% just this month. Some oil market observers believe the commodity can continue surging. Year-to-date, USO is higher by nearly 20%. Current OPEC compliance with production cut plans remains above [...]