| The United States Oil Fund, which tracks West Texas Intermediate crude oil futures, is up 9.4% over the past month in what can be described as a stunning reversal of fortune for the previously downtrodden oil exchange traded fund.
While that type of rally would appear to lure new investors, those considering fresh positions in USO and rival oil ETFs should consider one of the catalysts that is driving oil prices higher: Short covering. Oil’s rally, like gold’s, has drawn plenty of skeptics...............................................Full Article: Source
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