Oil ETFs Rise on OPEC Meeting Drama | ETF Trends

Oil exchange traded funds followed crude prices higher Wednesday as traders reacted to news of a rocky OPEC meeting that ended abruptly.

The member nations were unable to reach consensus to raise production, defying market expectations, according to reports.

Crude futures rose above $100 a barrel in morning trade Wednesday. U.S. Oil Fund (NYSEArca: USO) climbed nearly 2% at last check.

U.S. Oil Fund

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