Young investors rush into struggling oil ETF that isn’t even tracking the price of oil anymore
Fuel prices are displayed at a Phillips 66 gas station in Princeton, Illinois, U.S., on Wednesday, April 1, 2020.
Daniel Acker | Bloomberg | Getty Images
Some millennial investors have been duped by a complex oil ETF that is struggling to stay alive.
Traders on Robinhood and SoFi Invest flocked to buy the United States Oil exchange-traded fund, or USO, this week as its price plummeted…