Oil at $70 per Barrel? Why Oil ETFs Can Head Higher
October 26, 2016 at 10:58 AM EDT
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, is higher by nearly 8% over the past month, but that does not mean crude’s recent rally is running on fumes. In fact, some oil market observers believe the commodity can continue rallying,...