Investors Pull Most Money From Oil Funds In Over 2 Years As Bears Return
by Tyler Durden
ZeroHedge.com
03/15/2016
Amid the last two weeks of exuberant short squeeze in crude oil (and anything energy related), investors pulled over $400 million from USO (the largest oil ETF). This week’s $348 million outflow is just shy of the record $354 million outflow in Dec 2013. As these outflows hit so bullish positions in oil ETFs have been dropping and bearish positions building once again.
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