Oil ETFs Gain on OPEC’s Larger-Than-Expected Production Cut
December 07, 2018 at 12:21 PM EST
Oil exchanged-traded funds (ETFs) gained after lengthy Organization of the Petroleum Exporting Countries (OPEC) discussions finally came to a conclusion, resulting in a larger-than-expected production cut that sent oil prices higher on Friday. OPEC and associated partners agreed to cut 1.2 million...