🟢 Oil Fund (USO) is trading 3.55% up in pre-market after Houthi attacks on Saudi energy facilities

USO is trading 3.55% higher in pre-market as crude prices extend their rally after Iran-aligned Houthi militants attacked targets in southern Saudi Arabia.

• The attacks reportedly damaged energy facilities and injured 73 people; Saudi Arabia halted operations at several affected facilities, intensifying supply-disruption fears.
• Brent approached $100, while WTI reached approximately $94.78 during early September 9 trading, supporting USO’s overnight advance.
• The move is primarily geopolitical and sector-wide, with escalating U.S.-Iran tensions and Middle Eastern energy-infrastructure risks sustaining crude’s risk premium.