Oil ETFs Surge on Bets for Strengthening Fundamentals
April 08, 2016 at 13:45 PM EDT
Crude oil-related exchange traded funds jumped Friday as speculators positioned for stronger global demand and a potential production freeze from top exporters. On Friday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, gained 5.1% and the United...