For Oil ETFs, It’s All About OPEC
January 11, 2016 at 07:00 AM EST
Oil prices sank to near 12-year lows last week, sending the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, down an average of 12% for the week. That dour...