Oil ETFs Gain on Optimistic Demand Outlook
August 11, 2022 at 18:53 PM EDT
Oil-related exchange traded funds climbed Thursday after the International Energy Agency raised projections on global crude demand growth for the year. On Thursday, the United States Oil Fund (USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (BNO), which tracks Brent crude oil futures, were up 2.6% and [...] The post Oil ETFs Gain on Optimistic Demand Outlook appeared first on ETF Trends .
