Oil ETFs Strengthen as Hedge Funds Get Bullish on WTI
December 31, 2013 at 14:18 PM EST
Oil exchange traded funds are strengthening as the U.S. economic engine gains momentum, with hedge funds raising bullish bets on crude oil to a three-month high. The United States Oil Fund (NYSEArca: USO) has gained 6.2% over the past month and was up 6.5% over 2013. [ETF Chart of the Day: Oil...