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September 01, 2020 1:28pm
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Oil ETFs Gain Despite OPEC+ Promises of Higher Supplies

Oil-related exchange traded funds strengthened Thursday, brushing off the Organization of Petroleum Exporting Countries’ pledge to raise output, as U.S. crude inventories continued to diminish. On Thursday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude...
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