Crude Oil ETFs Plummet amid IEA Report, Russia Tensions
March 19, 2021 at 13:50 PM EDT
Crude oil and crude ETFs tumbled more than 8% on Thursday after U.S. crude stockpiles crested over half a billion barrels and the International Energy Agency said global supplies are plentiful. Meanwhile, U.S. tensions with Russia mounted. After oil futures in New York slipped 0.3% on Wednesday,...