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Commodities46 minutes ago (Oct 30, 2017 10:44AM ET)
© Reuters. ETF investors are selling the rip in oil
- The largest U.S. oil ETF – the U.S. Oil Fund (NYSEARCA:) – saw its third consecutive weekly outflow last week, according to Bloomberg, with $84.6M pulled.
- This comes amid a strong rally in the price of oil – above $54 per barrel this morning vs. under $50 three weeks ago.
- Now read: 4 Reasons Why Is Likely To Move To A New High For 2017
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Source: Investing.com
