Oil, Energy ETFs Break Long-Term Trend on Production Freeze
April 12, 2016 at 14:22 PM EDT
Oil-related exchange traded funds advanced Tuesday as crude oil prices hit their highest level this year on reports that Saudi Arabia and Russia have agreed to a production freeze even with Iran ramping up supply. On Tuesday, Brent crude oil futures rose 3.7% to $44.4 per barrel and West Texas...