Supply Concerns Help Oil ETFs Rally, Brent Crude Breaks Above $80
This article was originally published on ETFTrends.com.
Oil-related exchange traded funds maintained their momentum Monday, with Brent crude oil prices breaking above $80 per barrel and on pace for its highest close in four years. On Monday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, advanced 1.8% and the United States Brent Oil Fund (NYSEArca: [...]