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ETF of the week: Money pours into losing oil fund

Workers from Select Energy Services at a Hess fracking site near Williston, N.D.
Andrew Cullen | Reuters
Workers from Select Energy Services at a Hess fracking site near Williston, N.D.

ETF investors love crude oil right now. I mean LOVE IT.

In fact, since July 1, more than $1.99 billion has been poured into the United States Oil Fund (USO) and the pace is accelerating: In November alone, the fund has seen inflows in the tune of $796 million, according to ETF.com.

Unfortunately, despite all the optimism, the strategy hasn't worked out. Here's the issue and what to do about it.