Oil’s Woes Worsen, Putting USO in a Bear Market

The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, continues making new lows. Down more than 2% over the past week, the heavily traded oil exchange traded product is now lower by 21.2% this year, officially putting it in a bear market. While OPEC is cutting back to alleviate…Click to read more at ETFtrends.com.