Oil ETFs Devour Cash As Retail Investors Try To Pick A BottomRupert Hargreaves
July was the worst month for oil prices since the financial crisis. The price of WTI crude plunged 21% during the month, the worse single-day decline since 2008. Unfortunately, July was also the month that saw record inflows from retail investors into ETFs that track the price of oil.
Last month investors poured $821 million into the United States Oil Fund ETF, which tracks the performance of WTI crude, according to ETF.com. That's not bad for a fund with $2 . . .
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