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Energy ETCs almost triple in 1st qtr as oil rises

Posted on 09 April 2009

From Reuters: Exchange-traded commodities (ETCs) investments in energy almost tripled to a record $1.5 billion in the first quarter of this year as oil prices rose sharply, ETF Securities said on Wednesday.

Holdings in long oil ETCs rose by a record $916 million in the January-March period, up 160 percent from the end of last year, the company, which manages a range of ETCs in London, said in a statement…..Full Article: Source


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