Top Oil EFTs See Longest Weekly Run Of Withdrawals In Eight Months ...Middle East

Economy by : (OILPRICE) -
Some of the leading oil exchange-traded funds saw funds withdrawn in the past four weeks for the longest streak of withdrawals in eight months, according to data compiled by Bloomberg. The funds WisdomTree Brent Crude Oil, United States Oil Fund, WisdomTree WTI Crude Oil, and ProShares Ultra Bloomberg Crude Oil – which collectively account for a quarter of the biggest oil ETFs – saw withdrawals of $211 million last week alone. This was the fourth consecutive week of withdrawals from those funds, making it the longest run of withdrawals…

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