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September 01, 2020 10:10am
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Oil ETFs Break Down As Rising Production Pressures Market

Crude oil prices plunged Thursday to their lowest level since April, with oil-related exchange traded funds breaking below their long-term trend lines. On Thursday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, declined 2.4% and the United...
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