Oil ETFs Slide on Weakening Chinese Economy

Crude oil prices and related exchange traded funds plunged Monday after weak Chinese economic data fueled demand fears in a slowing global economy. On Monday, the United States Oil Fund (USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (BNO), which tracks Brent crude oil futures, were down [...] The post Oil ETFs Slide on Weakening Chinese Economy appeared first on ETF Trends .