🔴 Oil Fund (USO) is trading 4% down in pre-market despite early benchmark gains

USO is trading at $143.99, down 4.02%, as recovering Gulf shipments and a U.S. crude-inventory build may weigh on oil. - Reuters reported WTI at $93.14, up 0.29%, and Brent at $102.60, up 0.28%, at 0022 GMT; crude futures were mixed overnight. - China’s October fuel-export halt and Middle East tensions may support oil, making USO’s sharp decline inconsistent with early-session benchmark moves.