Exchange-traded fund (ETF) investors have invested around $69.4 million in oil exchange traded commodity (ETCs) instruments, Citywire reports. Investors also committed around $50.9 million in gold and $33.4 million in natural gas.
The price of the commodity retreated by an initial 6%, following the International Energy Agency’s decision to raise oil supply. Other ETCs, including palladium, sugar, copper, soya beans and zinc had the maximum amount of outflows.
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