June 21, 2012 at 13:30 PM EDT
Oil ETF Down 30% from 2012 High
The largest exchange traded fund indexed to oil futures is down 30% from its March 1 peak with crude prices tumbling under $80 a barrel on Thursday as the U.S. dollar rebounded. The $1.2 billion U.S. Oil Fund (NYSEArca: USO) fell 2.5% in afternoon trade. Since the ETF invests in crude futures, it...
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