🟢 Oil Fund (USO) is trading 3.12% up today as Thursday’s WTI rally followed a crude-stock draw

USO is trading at $162.22, up 3.12%, with Thursday’s more than 3% WTI settlement gain—helped by a large U.S. crude-stock draw—as the strongest supporting catalyst.

• Ongoing Middle East shipping and supply risks also supported prices.
• The IEA’s planned reserve releases and possible U.S. easing of tanker sanctions weighed the other way.
• Oil was edging down Friday morning in the latest reporting, so these factors do not fully explain USO’s live gain.