MW: Oil ETF up in premarket after CPI, retail sales
By John Spence
BOSTON (MarketWatch) -- U.S. Oil Fund (USO 33.93, +0.01, +0.03%) , an exchange-traded fund tracking crude-oil futures, was up 0.3% in Friday's premarket after reports on July consumer prices and retail sales. Retail sales climbed 0.4% in July, while CPI rose 0.3%. Separately, The Organization of the Petroleum Exporting Countries, or OPEC, on Friday revised higher its forecast for world oil demand growth this year. The oil ETF was off 6.3% so far this week heading into Friday's session and has declined the last three sessions.
