Oil Could be The Next Trade War Weapon
This article was originally published on ETFTrends.com.
Underscoring investors’ skittishness toward riskier assets, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, is lower by nearly 7.50% this month. Some market observers believe the U.S., now a major oil exporter, could weaponize oil in its trade spat with China, an idea that some argue could prove [...]