Oil ETFs Traders Bet on OPEC Production Cuts

MarketsETF Trends

Oil exchange traded funds jumped back above their long-term trend line on Monday as crude oil prices rallied to a three-week high on bets that the Organization of Petroleum Exporting Countries will agree to a production cut later this month. On Monday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude…Click to read more at ETFtrends.com.

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