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Oil ETFs Plunge on Fears of a Slowing Global Economy

By: ETF Trends

July 12, 2022 at 18:36 PM EDT

Oil prices and commodity-related exchange traded funds plunged Tuesday as short-term risks weigh on the energy markets, but ongoing supply concerns could help prop up crude. On Tuesday, the United States Oil Fund (USO), which tracks West Texas Intermediate crude oil futures, and the United States...

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Oil ETFs Plunge on Fears of a Slowing Global Economy