Oil ETFs Brush Off OPEC Output Promises

MarketsETF Trends

The Organization of Petroleum Exporting Countries renewed an agreement to diminish supplies in an attempt to put a dent into the global oil glut, but the pledge was not enough for oil exchange traded fund traders. On Thursday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, plunged 4.3%…Click to read more at ETFtrends.com.

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