🔴 United States Oil Fund, LP is trading 4.4% down today as crude oil retreats on easing Middle East geopolitical risks

United States Oil Fund, LP is trading 4.4% down today as crude oil prices retreat following a sharp easing of geopolitical risk in the Middle East.

• Supply disruption fears have significantly diminished following a tentative U.S.–Iran peace deal and the reopening of the Strait of Hormuz.
• Brent crude fell over 4% after an additional agreement between Iran and Pakistan, pressuring oil-linked ETFs despite strength in the broader equity market.