However, traders have not been compelled to embrace the likes of DWTI and SCO. Since the start of the current quarter, those ETFs have lost combined $171 million in assets while $834.5 million has flowed into USO. Those flows could reverse if oil does not reverse higher.
“Humbly I am of the opinion, Crude Oil is one of the more important commodities on the planet and what it does from here would be suggesting something about the global economy, which could ripple into the stock market,” adds Kimble.
ProShares UltraShort Bloomberg Crude Oil
