Yesterday, Oil ETFs dropped by 2.98%, the worst daily performance recorded since the beginning of the year. As the WTI oil price has dropped to $51.99 a barrel, the Brent fell under the $60 for each barrel. The drop comes after the announcement of the US oil giant Baker Hughes to increase the drilling wells by 10 to reach 862 wells in the US. The oil segment, which recorded a positive performance of 14.23% year-to-date, is composed of 10 ETFs tracking 9 indices with $2.7 billion in asset under management.