Why U.S. Oil Prices Have Room to Run
This article was originally published on ETFTrends.com.
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, are up about 8% and nearly 11%, respectively, over the past month. Still, some market observers believe West Texas Intermediate remains inexpensive relative to Brent, [...]