FYI: A whirlwind month for crude oil prices has left investors’ heads spinning. A mere six weeks after hitting a four-year high of nearly $77, West Texas Intermediate (WTI) oil prices plunged to a one-year low of $55 this week, breaking downside records as it plummeted.
As of Nov. 13, WTI crude futures had fallen for 12-consecutive sessions, the longest such streak on record. In the blink of an eye, oil ETFs that were among the best-performing ETFs of the year as recently as last month became some of the worst performers of 2018.
Regards,
Ted
https://www.etf.com/sections/features-and-news/behind-ongoing-plunge-oil-etfs
