Oil ETFs Rises as EU Works on Banning Russian Crude Imports
May 05, 2022 at 13:51 PM EDT
Crude oil prices and related exchange traded funds jumped Wednesday after the European Union planned to end imports of Russian oil, fueling concerns over further tightening in global oil supply. On Wednesday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil...
