Oil ETF Holders Cash Out First Time in 7 Months on Rebound

April 14, 2015 4:29 AM

60 0

Oil ETF Holders Cash Out First Time in 7 Months on Rebound

Oil investors are cashing out of funds that track prices for the first time in seven months after crude rebounded.

Holders of the three biggest U.S. exchange-traded products that follow oil have withdrawn almost $300 million so far in April, leaving the funds poised for their first monthly outflow since September. West Texas Intermediate climbed to near $54 this month after reaching a six-year low of $43.46 in M...

Read more

To category page

Loading...