Biggest Oil ETF Attracts Investment for Fifth Month: Chartby
U.S. Oil Fund, the biggest exchange-traded fund tracking oil prices, is heading for a fifth straight monthly inflow on speculation crude prices will rebound. The ETF attracted $447 million this month as of Feb. 26, according to data compiled by Bloomberg. West Texas Intermediate crude ended 11 percent higher last week, the most since August. USO held 115,890 contracts of April WTI futures as of Feb. 26, or 24 percent of the futures’ total contracts outstanding.