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Oil ETFs continue to consolidate

Posted on 26 August 2013

Oil ETFs and Energy ETFs continued to consolidate last week as investors await upcoming Federal Reserve moves. Oil ETFs and Energy ETFs continued to consolidate last week, with the oil spot price losing 1.10% to close at $106.32 per barrel, the United States Oil Fund ETFlosing 1.17%, and the SPDR Sector Select Energy ETF adding .65%.
Investors appear to be waiting for a final Fed decision on easing and tapering come early September, judging by the sideways action of energy ETFs……………………………………….Full Article: Source


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