US Oil Fund Records Historic $400M Outflow Amid Easing Geopolitical Tensions
The US Oil Fund, the largest oil ETF, experienced its largest daily outflow ever, with nearly $400 million withdrawn. This significant financial movement is attributed to a reduction in crude prices, which previously included a geopolitical premium due to tensions between Iran and Israel.
Sources
Jesse Felder'US Oil Fund, the biggest oil ETF, posted its largest daily outflow on record as crude prices lose some of the geopolitical premium that was built in from tensions between Iran and Israel.' https://t.co/y6Ggf08A9j https://t.co/Ja2HJlgHEt
MartyParty
US Oil Fund $USO, the biggest oil ETF, just saw a daily outflow of almost $400 million, the largest in history 👀 https://t.co/Q4SwLM7mmu
Daily Chartbook "US Oil Fund, the biggest oil ETF, posted its largest daily outflow on record as crude prices lose some of the geopolitical premium that was built in from tensions between Iran and Israel." @alexlongley1 https://t.co/TolSB2uGZZ
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