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September 01, 2020 1:29pm
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Fears of Waning Demand in a Recession Weigh on Oil ETFs

Oil-related exchange traded funds plunged on Tuesday, with crude prices dipping below $100 per barrel, as recession fears fueled concerns that an economic slowdown will sap demand. On Tuesday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and...
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