Oil ETFs In The Red As Oil Prices Stumble

By
Devon Layne
October 24, 2012
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Oil futures fell more than 3 percent to below $86 a barrel, which sent most oil-focused ETFs based on futures and on equities sliding downward during Tuesday’s trading session, according to an article on MarketWatch.

The article highlighted the following funds and their respective changes as of market closing:

  • United States Oil Fund (NYSEArca: USO) shed 3.4 percent
  • PowerShares DB Oil Fund (NYSEArca: DBO) declined 3 percent
  • Energy Select Sector SPDR ETF (NYSEArca: XLE) dropped just below 3 percent

 

The S&P 500 Index fell around 1.5 percent on Tuesday in a broad sell-off triggered by generally weaker-than-expected earnings.

To learn more, go to MarketWatch.com.

ETF DAILY DATA

The small-cap fund 'IWM' added money on Thursday, Jan. 22, as net inflows and markets stoked higher by eurozone QE news lifted total U.S.-listed ETF assets above $2 trillion.

A slew of iShares funds, including the eurozone-focused 'EZU,' paced the firm's issuer-leading inflows on Thursday, Jan. 22. The ECB's announcement about aggressive QE in the eurozone stoked markets and lifted total U.S.-listed ETF assets to more than $2 trillion.

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