On Wednesday, 111 exchange-traded products hit all-time lows. Of that group, 23 were dedicated energy exchange-traded funds and that does not include the plethora of diversified commodities and emerging markets ETFs with heavy energy exposure that also sunk to all-time lows Wednesday.
The United States Oil Fund LP (ETF) (NYSE: USO) narrowly missed joining the all-time low club, but the United States Brent Oil Fund, LP (NYSE: BNO) was not so fortunate.
OPEC ETFs
Escalating tensions between Saudi Arabia and Iran, two titans of the Organization of Petroleum Exporting Countries (OPEC), are not helping oil prices.
“The recent break in diplomatic relations between Saudi Arabia and Iran adds another complication to the already chaotic environment of Middle East geopolitics. While the sectarian differences ...
/www.benzinga.com/trading-ideas/long-ideas/16/01/6141534/how-this-opec-fracas-will-affect-oil-etfs alt=How This OPEC Fracas Will Affect Oil ETFs>Full story available on Benzinga.com
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