Crude oil closed the month of July with the biggest fall in a year, with the price of WTI futures dropping 15%, to 41.60, as stubbornly high figures on production and inventories undermined sentiment. While the price drop last month contributed to oil exchange-traded commodities (ETCs) losing as much as US$2.4bn in outflows since March, short exchange-traded products (ETPs) rewarded buyers with handsome returns, according to Wisdomtree Europe. The WTI futures price recovered to 48.10 on August 2