Thursday Market Wrap: Late Rally Boosts Oil ETF

U.S. Oil Fund (NYSEArca: USO) rose 1.4% Thursday thanks to a late-day surge in crude that pushed futures prices over $110 a barrel.

The oil exchange traded fund (ETF) came into Thursday’s session up 15% over the past three months.

In precious metals, silver ETFs are shining ever brighter as silver prices are pushing towards $40 an ounce.

A $7 billion portfolio of Japanese stocks fell Thursday in U.S. trading following reports the beleaguered country was hit by a magnitude 7.1 earthquake.

U.S. stock ETFs ended Thursday with a slight loss after rising earlier in the session following an upbeat report on jobless claims.

In commodities, ETFs for coffee and base metals rallied again.

Natural-gas ETFs extended their losing streak to five days after a supply report.

In currency ETFs, the euro was little changed after the European Central Bank boosted a key interest rate as expected.

Yen ETFs were higher after a recent slide.

Elsewhere, in bonds, ETFs that invest in Treasuries were lower Thursday as a deadline loomed on the U.S. budget.

The $56.6 billion gold ETF booked a fresh record high but ended the session flat.

Gold and silver miner ETFs were mixed Thursday after their recent breakout.

Global X Silver Miners ETF (NYSEArca: SIL)

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