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Why Oil ETFs Can Rebound off Recent Lows

Posted on 15 November 2016

The United States Oil Fund, which tracks West Texas Intermediate crude oil futures, is off nearly 15% over the past month, putting the widely followed oil exchange traded product dangerously close to another bear market.
However, some oil market observers believe the commodity has near-term rally potential falling its recent precipitous decline. Looking ahead, the Organization of Petroleum Exporting Countries will consider agreeing on output cuts for most members when the group’s energy ministers meet on November 30……………………………………..Full Article: Source


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