WTI Linked ETF Slips to Four-Month Low on U.S. Oil Boom
November 05, 2013 at 14:03 PM EST
The commodity exchange traded fund tied to West Texas Intermediate crude oil prices is hovering around a four month low. Oil traders shouldn’t expect the market to tighten anytime soon as the U.S. is inundated with black gold. The U.S. Oil Fund (NYSEArca: USO) declined 1.3% Tuesday. USO has...