Oil ETFs Bounce as OPEC Backs Off Production Hike

This article was originally published on ETFTrends.com.

Oil exchange traded products, including 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, rallied Monday after the Organization of Petroleum Exporting Countries (OPEC) indicated it will not boost output in the near term. [...]

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