Energy ETFs Plunge as Crude Oil Slips to 12-Year Low
January 20, 2016 at 13:59 PM EST
Expiring crude oil futures contracts and storage tanks nearing capacity exacerbated a sell-off in oil and commodity-related exchange traded funds Wednesday. The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, declined 5.7% and the United States Brent...