Oil ETFs To Remain Depressed As Saudis Target Lower Prices
October 13, 2014 at 14:30 PM EDT
Dissent within the Organization of the Petroleum Exporting Countries (OPEC) could help pressure on oil prices and related exchange traded fund over the short-term, with Saudi Arabia adamant on squeezing out new players in the market, such as shale and deepwater drillers. Year-to-date, the United...