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ETF Funds Pump $1.9 Billion into Energy in the First Half of November

Posted on 17 November 2016

An analysis of commodity markets from Bloomberg Intelligence today pointed to oil likely being in the $40-$60 per barrel range for the foreseeable future, but that hasn’t stopped ETFs from pumping more money into energy in November. Commodity market strategist Mike McGlone said it would take “a substantial development to get above $60 … or below $30, even as the market remains oversupplied.”
Even as WTI, Brent and natural gas trade within a range well below where they stood two years ago, ETF funds are beginning to put their money back into energy, McGlone pointed out. In the first half of November alone, ETF funds have put $1.9 billion into energy………………………………………..Full Article: Source


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