Oil ETFs Rebound on Prospects of Production Cuts
February 12, 2016 at 13:38 PM EST
After hitting a 13-year low on expanding stockpiles, crude oil surged Friday. Oil-related exchange traded funds jumped as traders speculated on potential production cuts out of the Organization of Petroleum Exporting Countries. On Friday, the United States Oil Fund (NYSEArca: USO), which tracks...