United States Oil Fund (USO) News Today

United States Oil Fund LP (USO) shares have increased today on broad strength in crude prices driven by renewed Middle East supply concerns. Geopolitical tensions between Israel and Iran and forecasts of tight global balances have underpinned gains, although technical indicators and rising OPEC+ output temper the upside.

• Ongoing Israel–Iran hostilities and pledges to intensify attacks are heightening supply‐risk fears, supporting oil prices and demand for USO.
• Citibank analysts project Brent crude at $75–78/bbl if 1.1 mln bpd of Iranian exports are disrupted, bolstering bullish sentiment for oil ETFs.
• Persistent buying on price dips amid Middle East tensions suggests continued investor appetite for oil exposure through USO.
• Potential joint action by Russia, the US and Saudi Arabia to stabilise markets could curb extreme volatility while keeping prices elevated.
• Unusually large options activity in USO indicates heightened trader interest, though directional bias remains unclear.
• Analysts remain divided on oil’s near‐term path as technical breakdowns and geopolitical tailwinds vie for dominance.
• Technical studies highlight a “shooting star” bearish candle at trendline resistance, suggesting a possible short‐term pullback in crude prices.
• WTI crude retreated from five‐month highs—slipping below $75—on geopolitical jitters and concerns over Federal Reserve policy.
• Oil prices eased as investors weighed the prospect of US intervention in the Israel–Iran conflict and diminished fears of a Strait of Hormuz closure.
• Rising OPEC+ output has added supply, testing support levels and limiting the upside in oil benchmarks.
• Despite an 11.5 million‐barrel stock draw, WTI fell 2.5% on profit‐taking, underlining ongoing volatility in energy markets.