USO is trading 3.06% up today as attacks on Saudi energy infrastructure forced the closure of the East-West pipeline, threatening as much as 4% of global oil supply.
- Brent remained near $107, while WTI gained more than 2% during the session.
- Continued Houthi activity near the Red Sea and Iranian attacks on Gulf shipping are intensifying concerns about export disruptions.
- USO is outperforming a weakening equity market as crude exposure benefits directly from geopolitical supply-risk premiums; the move is sector-driven rather than company-specific.