UPDATE 3-Big crude oil fund had $726 mln in unrealized losses before April
The United States Oil Fund
was sitting on more than $700 million in unrealized
losses at the end of March, several weeks before the market
fully grasped the outsize role it would play in this month’s
unprecedented collapse in the price of front-month oil
contracts.
was sitting on more than $700 million in unrealized
losses at the end of March, several weeks before the market
fully grasped the outsize role it would play in this month’s
unprecedented collapse in the price of front-month oil
contracts.
Posted by Reuters
