Massive outflows from US Oil ETF $USO

Investors are cashing in massive profits from the oil trade, leading to significant withdrawals from a major US fund. The United States Oil ETF, $USO, has posted $900 million in outflows so far in April, putting it on track for its largest monthly withdrawal since the 2009 record of $1.2 billion. Despite the heavy selling, the ETF's price is still up 2% month-to-date, reflecting the complex dynamics of the current oil market.