Oil ETFs: Worse, Not Better, as OPEC Cuts Back
Last week was another brutal one at the office for oil and the related exchange traded products. Although the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, rose nearly 1% last Friday, the benchmark oil ETF fell almost 4.4% for the week. That brings USO's year-to-date loss to over… Click to read more at ETFtrends.com.
This article was provided by our partner Tom Lydon of etftrends.com.