[OIL IMPACT] Oil funds, ETFs incur losses on price plunge
Aug 3, 2016
[ THE INVESTOR ] Oil funds and exchange-traded funds have been incurring losses over the past month on falling oil prices, according to industry data. After rising to US$51.23 per barrel in June, crude oil prices have been on a downward trend. On Aug. 2, they hit a near four-month low by falling to US$39.51. 123rf Three major oil funds managing 1 billion won (US$ 897,900) or more here have b...