Traders Ditch Oil ETF at the Wrong Time
March 08, 2016 at 10:47 AM EST
Traders are pulling out of USO despite being up 11.6% over the past week Trend may be due to doubts that production cuts to further boost oil prices will come to pass Since USO needs to roll contracts upon expiry, the ETF will be subject to contango issues Oil futures surged 9.5% last week and...