US Treasury eases sanctions on "stranded" Russian oil to cool $100 Brent prices and counter Middle East supply shocks amid the Iran-US war.
The U.S. has temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets.
Amidst world turmoil, the United States Oil Fund ( NYSEARCA:USO ) is still up 64.
Russia is shaping up to be a major beneficiary of the energy crisis owed to the conflict in the Middle East. Higher oil prices and temporary sanctions relief boost the value and volume of Russia's crude exports, analysts told CNBC.
Carley Garner, senior commodity market strategist at Carley Trading, has a take on oil that should make energy bulls nervous: strip out the Iran conflict, and crude would be trading significantly lower right now, in her view.
For the disciplined investor, the current volatility isn't a signal to flee, but rather a rare opportunity to capture high-quality stocks at a discount.
The United States Oil Fund and the U.S. Brent Oil ETF are rated hold, with trading preferred over investing amid heightened Middle East conflict volatility. Brent and distillate products exhibit greater upside risk due to direct exposure to Middle East supply disruptions, while WTI and gasoline are supported by seasonal demand. Both ETFs tracked their respective benchmarks well until the March 2 price spike, when pre-market oil surges led to ETF underperformance versus futures.
Leveraged oil and energy ETFs surged as crude prices jumped on rising U.S.-Iran tensions. Supply risks boosted bullish bets across leveraged energy funds.
Oil prices surged on rising U.S.-Iran tensions and supply risks. Energy and oil-exporting markets may gain, while retail, India and airlines may face pressure.
Gas prices fell to a national average of $2.89 per gallon during the holiday season despite record travel demand, marking the cheapest December since 2020.
Oil prices slid to four-year lows on ceasefire hopes, China weakness, and oversupply fears, putting inverse ETFs like SCO in focus for bearish investors.
Oil prices have gained on Oct. 22, 2025. The WTI crude oil ETF United States Oil Fund LP USO jumped 3.5% on the day, while the fund advanced 1.8% after hours.