Oil ETFs Surge on Heavy U.S. Inventory Draws
August 22, 2018 at 13:59 PM EDT
Crude oil prices and related ETFs rallied Wednesday on high inventory drawdowns, reflecting strong demand for oil. On Wednesday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, was up 3.4% and the United States Brent Oil Fund (NYSEArca: BNO),...