Fears of Waning Demand in a Recession Weigh on Oil ETFs
July 05, 2022 at 15:11 PM EDT
Oil-related exchange traded funds plunged on Tuesday, with crude prices dipping below $100 per barrel, as recession fears fueled concerns that an economic slowdown will sap demand. On Tuesday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and...