Oil ETFs Dip as China Reinstates Lockdowns

Crude oil-related exchange traded funds slipped Thursday as Shanghai enacted new COVID-19 lockdown measures, fueling concerns over China’s demand outlook. On Thursday, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, were both down [...] The post Oil ETFs Dip as China Reinstates Lockdowns appeared first on ETF Trends .