07.10.2016 - How Seasonality Could Affect Oil ETFs
Like many commodities exchange traded products, the United States Oil Fund, which tracks West Texas Intermediate crude oil futures, can be subject to some seasonal factors and that is worth remembering as the fourth quarter gets underway. 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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