HIGHER;
- United States Oil Fund LP (NYSE: USO) is up about 0.82% to $40.81. Crude inventories dropped by about 887K, fueling Sweet Crude futures to rise $0.88 to $80.02.
- Financial Select Sector SPDR (NYSE: XLF) trading up modestly to $14.95, about a 0.61% gain.
The ETF is helped by a BofA Merrill Lynch report that investors don't see the Fed raising rates until H210.
Also, John Paulson said he thinks Bank of America (NYSE: BAC) will double in two years. BAC, which represents a 10.3% holding of the ETF, is up 3.1% today.
