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The Perils of Bargain-Hunting With Oil ETFs

Trying to hook a marlin-sized rebound in oil using exchange-traded funds isn't as easy as it may look. 

Many see oil as a bargain now that it's below $50 a barrel for the first time since 2009. Bottom fishers are piling into oil-related ETFs at the fastest rate in years, and the ETFs have taken in $6 billion in the past six weeks. But so far no one is catching anything but negative returns.