October 19, 2011 at 16:33 PM EDT
Afternoon Decline Takes Down Oil ETFs
Oil exchange traded funds reversed earlier gains Wednesday to close with losses of more than 2% thanks to a late-day pullback. Oil ETFs fell after markets digested the Federal Reserve’s Beige Book report and the latest news on the Eurzone debt saga. U.S. Oil fund (NYSEArca: USO) was down...
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