Why Trade Wars Are Plaguing Oil ETFs
August 07, 2019 at 11:09 AM EDT
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, is lower by more than 4% over the past week and the increasing trade hostility between the U.S. and China, the world’s two largest economies, is a big reason why oil is slumping. Investors...