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Post# of 648882
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Tuff-Stuff

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Tuff-Stuff

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Friday, 05/29/2015 6:37:47 AM

Friday, May 29, 2015 6:37:47 AM

Post# of 648882
Everyone Is Fleeing Oil's Biggest Fund
Bloomberg By Moming Zhou
4 hours ago

The biggest U.S. exchange-traded fund that tracks oil is heading for the largest two-month outflow in six years, raising concern that crude’s 30 percent rally may stall.

Holders of the United States Oil Fund, known as USO, have withdrawn almost $1 billion so far in April and May, according to data compiled by Bloomberg. Crude dropped about $12 a barrel after a $1.4 billion exodus from the fund in the two months ended June 2009.
more http://finance.yahoo.com/news/everyone-fleeing-oils-biggest-fund-062406251.html?l=1

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