January 17, 2013 at 13:08 PM EST
Oil ETF Rallies on Economic Data, Supply Worries
U.S. Oil Fund (NYSEArca: USO) has broken above its 200-day simple moving average for the first time since the spring of 2012 as the oil ETF also clears a key resistance trend line. USO was up nearly 2% on Thursday with crude futures rising above $95 a barrel in New York for the first time [...]
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