Weak Fundamentals Could Continue to Pressure Oil ETFs
July 10, 2020 at 14:45 PM EDT
Global oil markets and related exchange traded funds may be past the worst of the coronavirus-induced selling, but the tentative recovery is still at risk. Year-to-date, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, dropped 72.3% and the United...