$USO today was the highest daily volume since April 2020 ish timeframe when oil briefly went negative price per barrel.
$OVX WTI crude oil volatility index - highest Friday settle since March 2022 https://t.co/zR5fj545dG
Oil ETF $USO +7.7% .. best session since March 2022. Could be the spiciest since May 2020. WTI officially settled at $72.98, up 7.26% today https://t.co/OXNZOvjzHV
The US Oil Fund (USO) experienced a notable surge on June 13, 2025, opening with a gap increase of over 7%, marking the eighth largest opening gap in its history. The oil ETF closed the day with a 7.7% gain, its best session since March 2022 and potentially the most significant since May 2020. West Texas Intermediate (WTI) crude oil settled at $72.98 per barrel, up 7.26% for the day. The WTI crude oil volatility index (OVX) also recorded its highest Friday settlement since March 2022, indicating increased market volatility. Trading volumes for USO reached levels not seen since April 2020, a period notable for oil prices briefly turning negative. Additionally, there was substantial activity in options markets, including the opening sale of 3,000 October $95/$70 covered strangles at $6.20 against long stock positions, reflecting heightened trading flows in the oil sector.
