Oil ETFs Wobble on Supply Outlook
This article was originally published on ETFTrends.com.
Crude oil-related ETFs staggered Tuesday, swaying between positive and negative gains, as Saudi Arabia said it was prepared to dump more oil into the global market. On Tuesday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, was up 0.4% and the United States Brent Oil Fund (NYSEArca: BNO), [...]