USO is trading at $161.64 (+3.18%) pre-market after another sharp rise in crude prices as Saudi Arabia shut down its 7 million-barrel-per-day East-West pipeline following drone attacks, raising concerns about export disruptions.
- Brent near $107; WTI futures gained more than 2% amid Middle East tensions and constrained regional shipping routes.
- The move is sector-wide; Houthi activity and Strait of Hormuz disruptions are amplifying the supply premium.
- U.S. Energy Secretary Chris Wright said the interruption should be temporary.