One Group of Oil Investors Didn’t Cash In on the 2016 Rally

Front-month West Texas Intermediate crude futures have gained 45 percent so far this year as OPEC engineered the first global output cut in 15 years. The U.S. Oil Fund LP, an ETF designed to track oil prices that has seen investors pour in nearly $3 billion in the past two years, only grew 6.6 percent over the same period.