This article was originally published on ETFTrends.com.
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, is up more than 20% year-to-date even as domestic oil production is reaching record levels. Oil investors should prepare for more U.S. oil output records to be achieved. Other factors contributing to oil’s surge this year was the U.S. exploring [...]
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