24 Oct, 23

United States Oil ETF Is Once Again World’s Largest Oil Fund

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Thanks to steady inflows in recent weeks, United States Oil ETF (NYSEARCA: USO) is once again the biggest oil exchange-traded fund in the world in terms of total assets, topping WisdomTree Brent Crude Oil fund for the first time since the beginning of this year. As of Monday, October 23, United States Oil ETF had total net assets of $1.876 billion, compared to $1.8 billion in assets under the management of the WisdomTree Brent Crude Oil fund, BRNT. According to Bloomberg data, this is the first time since January this year that the assets of USO…

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