Oil fund’s forced sales send WTI prices plunging again

Capt. John

Front-month U.S. light crude oil futures prices slumped almost 25% yesterday, the second sharp tumble in a week, after the exchange operator ordered a major commodity fund to sell some of its near-dated futures contracts. United States Oil Fund (USO) announced to investors it would roll its current...

https://www.hellenicshippingnews.com/oil-funds-forced-sales-send-wti-prices-plunging-again/

Leave a Comment