(BN) Investors Pile Into Oil Funds at Fastest Pace in 2 Years
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Warwick Langebrink
Oct 22, 2014, 12:20:13 PM10/22/14
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Bloomberg News, sent from my Android phone
Investors are buying into funds that track oil prices at the fastest rate in two years, betting that crude will rebound from a bear market.
The four biggest oil exchange-traded products listed in the U.S. received a combined $334 million this month through Oct. 20, the most since October 2012, according to data compiled by Bloomberg. Shares outstanding in the funds, including the United States Oil Fund and ProShares Ultra Bloomberg Crude Oil (UCO), rose to 55.3 million, a nine-month high.
Mo [...]
Read the full story at http://www.bloomberg.com/news/2014-10-22/investors-pile-into-oil-funds-at-fastest-pace-in-2-years.html
Find out more about Bloomberg for Android: http://m.bloomberg.com/android
Investors are buying into funds that track oil prices at the fastest rate in two years, betting that crude will rebound from a bear market.
The four biggest oil exchange-traded products listed in the U.S. received a combined $334 million this month through Oct. 20, the most since October 2012, according to data compiled by Bloomberg. Shares outstanding in the funds, including the United States Oil Fund and ProShares Ultra Bloomberg Crude Oil (UCO), rose to 55.3 million, a nine-month high.
Mo [...]
Read the full story at http://www.bloomberg.com/news/2014-10-22/investors-pile-into-oil-funds-at-fastest-pace-in-2-years.html
Find out more about Bloomberg for Android: http://m.bloomberg.com/android
Sent from Samsung Mobile Warwick - 0826100444
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