Oil ETFs Pop on Global Growth Outlook as China Looks to Stimulus Measures
January 15, 2019 at 16:42 PM EST
Oil prices and commodity-related ETFs bounced Tuesday on hopes of improved global growth as China considers enacting stimulus measures to prop up a faltering economy. On Tuesday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, gained 2.9% and the...