Oil prices have come under pressure, with oil-related ETFs recently sliding back into bear market territory. A number of factors have been contributing to the lower oil prices, including rising from the U.S. and Organization of Petroleum Exporting Countries, potential increase in exports from Iran, a stronger U.S. dollar, weakening China outlook and lower institutional interest. [Oil ETFs Slide Back Into Bear Market]
West Texas Intermediate crude oil futures traded at about $51.9 per barrel while Brent crude oil futures hovered around $57.3 per barrel.
iShares iBoxx $ High Yield Corporate Bond ETF
For more information on the speculative-grade debt market, visit our junk bonds category.
Max Chen contributed to this article.