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Oil ETFs Break Down As Rising Production Pressures Market

By: ETF Trends
Crude oil prices plunged Thursday to their lowest level since April, with oil-related exchange traded funds breaking below their long-term trend lines. On Thursday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, declined 2.4% and the United...
Related Stocks:
Crude Oil US Brent Oil United States Oil Fund
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