08.09.2016 - Oil ETFs Have Rally Potential
The United States Oil Fund, which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund, which tracks Brent crude oil futures, are each up more than 4% over the past month. That could be just the start of more gains for the oil exchange traded products as some market observers see more upside on the way for crude. Oil is also likely to get some help from now dwindling bets that the Federal Reserve will raise interest rates in the coming months. Raising interest rates would likely boost the dollar, in turn pressuring dollar-denominated commodities such as oil...............................................Full Article: Source
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