Crude Market Takes Another Beating as Oil ETF Forced to Dump Contracts
April 27, 2020 at 14:46 PM EDT
West Texas Intermediate crude oil futures plunged, again, on Monday after USCF Investments said it would sell all of its short-term contracts in its popular oil exchange traded fund due to regulatory pressure. The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude...