The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, is lower by more than 7% over the past week, but some oil market observers believe crude can bounce back. Current OPEC compliance with production cut plans remains above their historical average, and it usually takes between two to three [...] Read more on ETFtrends.com.
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This article was provided by our partner Tom Lydon of etftrends.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.