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KM Financial Solutions | UPDATE 2-Big crude oil fund had $726 mln in unrealized losses before April
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UPDATE 2-Big crude oil fund had $726 mln in unrealized losses before April

28 Apr UPDATE 2-Big crude oil fund had $726 mln in unrealized losses before April

Posted at 16:06h in News by
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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 outsized role it would play in this month’s
unprecedented collapse in the price of front-month oil
contracts.

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