| Oil ETFs continued to decline and correct last week,with the oil spot price losing 2.93% to close at $97.90 per barrel and the United States Oil Fund ETF losing 3.10%. Energy ETFs started to lose as well after weeks of gains, with the Select Sector SPDR ETF losing .39%.
It is unusual from a fundamental standpoint that oil ETFs have been declining, due to the recent gains in equity markets. Economic data however has not been the best in the past few weeks, especially with the GDP losses due to the US Government Shutdown...............................................Full Article: Source
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