In the Margins

Oil funds are worse off than oil itself

February 24, 2016

By The Wall Street Journal

Oil funds are one of the few assets performing worse than oil itself. Exchange-traded fund United States Oil Fund is down 22% so far this year, while the iPath S&P GSCI Crude Oil Total Return Index exchange-traded note is down 26% in that period. In comparison, U.S. crude-oil futures for March delivery settled at $29.64 a barrel on Friday, down 20% this year. Read the original story from The Wall Street Journal.