Look out OPEC! Oil ETF investors head for exit, risking new slump

April 14, 2015 5:46 AM

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Look out OPEC! Oil ETF investors head for exit, risking new slump

NEW YORK (Reuters) - Oil investors who amassed a $6 billion long position in exchange traded funds, occupying as much as a third of the U.S. futures market, are now racing for the exit at a near record pace.

Outflows from four of the largest oil-specific exchange traded funds, including the largest U.S. Oil Fund (USO), reached $338 million in two weeks to April 8, according to data from ThomsonReuters Lipper. That is the first two-week outflow since September and the biggest since early 2014, marking a ...

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