OPEC To Raise Outputs? (USO, BNO)
A tweet from ZeroHedge says that an Italian source says that OPEC is considering extraordinary meeting to raise oil output following Libyan unrest.
If this were to happen, oil prices could see some pressure, and oil ETFs such as United States Oil Fund LP ETF (NYSE: USO) and United States Brent Oil Fund, LP (NYSE: BNO) could see some pressure to the downside.
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