Will the Energy ETFs See a Sustained Rally?
Will the Energy ETFs See a Sustained Rally? Zacks.com 2/16/2021 United States Oil Fund LP USO and United States Brent Oil Fund LP BNO adding about 2.6% and 3.2%, respectively, past week. The real surge was noticed on Feb 12, when USO and BNO were up 2.5% and 2.8%, respectively. Freezing weather has instigated the oil rally. Popular Searches “Winter storm and arctic blast of cold weather that is making its way south to Houston may have some severe impacts on the oil industry.”“Frigid weather means that many oil wells may be shut in. Water is produced along with oil, that water can ...