20.03.2015 - Short Oil ETFs in Focus as Crude Prices Keep Falling
The oil investing phobia eased somewhat as crude saw the strongest two-week gain in 17 years early February, on sharp spending cuts by big U.S. oil drillers. But this respite was short-lived as oil prices started to dip again. Many hoped the commodity would be able to hold above $50. But to their disappointment, WTI crude fell below $44 a barrel on March 16. A host of reasons including worries over shrinking storage facility for surplus oil in the U.S. and China, abundant supplies in non-OPEC nations and OPEC caution that production in the U.S. might not slow down before the end of the year hit the brakes on the apparent oil price recovery...............................................Full Article: Source
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