Oil ETFs: Long Losing Streaks Can be Hard to Erase
This article was originally published on ETFTrends.com.
Last Friday, crude oil futures extended their losing streak to 10 consecutive days, extending the month-to-date loss for the United States Oil (NYSEArca: USO) to just over 15%. Oil analysts point to a combination of higher-than-expected output from key producers and a gloomy outlook for oil demand. The decline in prices is an about-face from [...]