USO is trading at $145.32, down 3.12%, as recovering Middle East exports eased supply concerns.
- September shipments from major producers reached 12.8 million barrels a day, their highest since February. Saudi Arabia resumed loadings from Yanbu after restarting the East-West Pipeline.
- Renewed US-Iran diplomatic efforts supported expectations of improved supply, while crude futures fell more than 2% in the Reuters report.
- The move reflected oil-market fundamentals; broad US indexes were only modestly lower.