Oil ETFs: Investment Banks Cut Crude Outlook on Supply Glut
January 28, 2015 at 14:20 PM EST
Energy exchange traded fund traders who are hoping for a rebound may have to get use to the idea of a depressed oil market with a possibility of further downside over the short-term. On Wednesday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate oil, declined 2.8%,...