Brent Crude Oil Hits $90 A Barrel For First Time Since November
Portfolio Pulse from Happy Mohamed
Brent Crude Oil has reached $90 a barrel for the first time since November. This could potentially impact the United States Oil Fund (USO), an exchange-traded fund (ETF) that tracks the price of West Texas Intermediate light, sweet crude oil.
September 05, 2023 | 1:08 pm
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The rise in Brent Crude Oil prices could potentially impact the United States Oil Fund (USO), as it tracks the price of West Texas Intermediate light, sweet crude oil.
The United States Oil Fund (USO) is an ETF that tracks the price of West Texas Intermediate light, sweet crude oil. Therefore, any significant changes in oil prices, such as the recent rise in Brent Crude Oil to $90 a barrel, could potentially impact the performance of USO.
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