Should You Buy Oil ETFs on Its Best Weekly Run Since July?
Portfolio Pulse from
Oil ETFs have experienced their best weekly performance since July, but the potential for a sustained rally is uncertain.
January 10, 2025 | 2:15 pm
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USO, an oil ETF, has seen significant gains over the past week, marking its best performance since July. However, the outlook for continued growth is uncertain.
USO has experienced a notable increase in value over the past week, indicating strong short-term performance. However, the article suggests that the potential for a continued rally is weak, leading to a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80