Canadian Wildfires Help Pare Oil ETF Losses on Saudi Arabia’s Ministry Changes
May 09, 2016 at 14:50 PM EDT
Despite a halt in Canadian oil production, crude oil and related exchange traded funds slipped Monday as a stronger U.S. dollar and a change up in Saudi Arabia’s cabinet dragged on energy. The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, fell...