🟢 Oil Fund (USO) is trading 3% up in pre-market as Hormuz shipping attacks raise oil-supply fears

USO is trading $148.26 (+3.02%) as attacks on shipping around the Strait of Hormuz heightened fears of Middle East oil-supply disruptions.

• Reports put Brent above $102 and WTI near $90 during the rally.
• EIA-reported commercial crude stocks fell about 3.2 million barrels to 424.1 million barrels for the week ending October 2.
• The geopolitical risk premium aligns with reports of Iranian aggression against vessels and heightened supply-shock concerns.