Monetary Tightening Concerns Drive Inverse Crude ETFs Higher
June 28, 2023 at 18:15 PM EDT
Crude oil prices dropped on Tuesday. This pulled crude ETFs lower amid growing concerns that ongoing hawkish monetary tightening will affect global economic activity as the year progresses. In turn, this could spell trouble for crude demand but also benefit inverse crude ETFs. As of nearly 130PM EST, West Texas Intermediate (WTI) futures were down [...] The post Monetary Tightening Concerns Drive Inverse Crude ETFs Higher appeared first on ETF Trends .
