United States Oil Fund (USO) News Today

United States Oil Fund LP (NYSEARCA: USO) is being supported by a sharp jump in crude prices as investors focus on escalating Middle East supply risks. The biggest drivers are renewed fears around the Strait of Hormuz, reports of ship seizures/attacks, and comments from Trump that have kept the market on edge. At the same time, U.S. crude inventories fell more than expected, adding to the bullish tone for oil-linked assets like USO.

• Positive Sentiment: Crude oil futures surged after Trump warned Iran, reviving fears that tensions could disrupt traffic through the Strait of Hormuz and tighten global supply. Oil News: Crude Oil Futures Surge as Trump Warns Iran Over Hormuz
• Positive Sentiment: Reuters reported that Russian seaborne oil product exports fell in April as drone strikes hit ports and refineries, reinforcing worries about tighter fuel markets. Russian seaborne oil product exports fell in April amid drone attacks, data from industry sources shows
• Positive Sentiment: U.S. crude inventories posted a larger-than-expected weekly decline, which typically supports higher oil prices and benefits USO. U.S. Crude Oil Inventories Post Third Straight Weekly Drop
• Neutral Sentiment: Capital Economics said Brent could exceed $150 a barrel only in an extreme escalation scenario, highlighting how much of the market’s upside depends on a wider Iran conflict. Capital Economics sees oil at $150 per barrel through 2027 in an extreme case
• Neutral Sentiment: The UAE is accelerating a pipeline project to bypass Hormuz, which could eventually reduce supply risk, but that relief is not expected until 2027. UAE to accelerate oil pipeline project to help bypass Hormuz
• Negative Sentiment: OPEC lowered its 2026 oil-demand growth forecast, which could cap gains if geopolitical supply fears ease and fundamentals retake center stage. OPEC lowers 2026 global oil demand growth forecast

Overall, USO is moving higher because the market is pricing in tighter crude supply, especially from Middle East disruption risks and declining inventories.