U.S. Oil Fund reveals sitting on $726 mln in unrealized losses before April
The United States Oil Fund
, whose share price has been crushed this month by big
bets on front-month oil contracts, revealed on Tuesday that it
was sitting on $725.5 million in unrealized losses heading into
April.
(Reporting By Tim McLaughlin; Editing by Toby Chopra)
, whose share price has been crushed this month by big
bets on front-month oil contracts, revealed on Tuesday that it
was sitting on $725.5 million in unrealized losses heading into
April.
(Reporting By Tim McLaughlin; Editing by Toby Chopra)
Posted by Reuters
