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QP - The Week in Crude Oil Markets - April 27, 2020
Crude oil futures started the week off on poor footing, with May WTI falling into unprecedented negative territory Monday, two days before contract rollover, and June WTI trading in the low teens that morning. The US Oil Fund, a large exchangetraded fund that invests in crude oil futures, announced that it would be exiting its long position in the June WTI contract because of “evolving market conditions.” While it is yet to be seen......
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