Oil ETFs Slide as China Lockdowns Fuel Demand Concerns
April 25, 2022 at 16:15 PM EDT
Crude oil-related exchange traded funds plunged Monday as COVID-19 lockdown measures in China weigh on the global energy demand outlook. On Monday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca:...