Pros Bet on More Oil ETF Upside
January 24, 2017 at 10:45 AM EST
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, are trading modestly lower to start 2017, but that is not preventing some professional traders from being bullish on crude. Oil prices are rebounding after…