Oil ETFs Could be Rangebound for a While
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, rallied Wednesday amid some encouraging inventories data, but some market observers expect oil prices to be rangebound over the near term. Oil prices strengthened after [...]