Oil ETFs Slip as Saudi Arabia Ramps Up Production

FAN Editor 5 years ago

This article was originally published on ETFTrends.com.

Crude oil prices and energy-related ETFs plunged Tuesday after Saudi Arabia pledged to increase output despite growing concerns over global growth. On Tuesday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, declined 4.8% and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, […]

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