As the world economy slowly begins to recover from the Covid-19 crisis, the tremendous impact on the oil industry will see continued struggles with oversupply and permanent damage, meaning a quick recovery is unlikely. This most recent drop in prices…
As oil prices plummeted in April, U.S. Oil Fund (USO) exchange-traded fund took it on the chin. And short-selling activity soared. The $3.2 billion futures-based ETF saw shorting activity pick up after a lull in early April. USO ETF is…
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, tanzeel akhtar
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