Falling Oil Rig Count Help Oil ETFs Rebound
August 18, 2017 at 14:37 PM EDT
Crude oil prices and energy commodity-related exchange traded funds surged Friday as drillers aim to proceed more cautiously in light of the ongoing pressure in the oil market. The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, jumped 3.1% and the...
