United States Oil Fund (USO) Drops Wednesday: What's Going On?
Shares of the United States Oil Fund are trading lower Wednesday afternoon, pulling back from recent 52-week highs as a confluence of diplomatic developments, logistical workarounds and domestic inventory builds cooled off supply disruption fears.
Oil prices fell because people are less worried about shortages. When fear goes away, prices often come down, so watch the news for supply scares.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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