Strong USD, Weakening Market Sentiment Drag Oil ETFs Lower
December 14, 2018 at 14:30 PM EST
Crude oil prices and related exchange traded funds slipped Friday as weakening market sentiment and a strengthening U.S. dollar pressured the energy market. On Friday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, declined 3.1% and the United...