Oil ETF Holders Cash Out First Time in 7 Months on Rebound
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Oil investors are cashing out of funds that track prices for the first time in seven months after crude rebounded.
Holders of the three biggest U.S. exchange-traded products that follow oil have withdrawn almost $300 million so far in April, leaving the funds poised for their first monthly outflow since September. West Texas Intermediate climbed to near $54 this month after reaching a six-year low of $43.46 in March.