USO sees -$900M April outflows, largest since 2009, despite ETF still up +2% month-to-date and +91% year-to-date. Oil markets have made history.
Investors are cashing-in massive profits from the oil trade: The United States Oil ETF, $USO, has posted -$900 million in outflows so far in April, on track for its largest monthly withdrawal since the 2009 record of -$1.2 billion. Still, …