USO is trading at $107.76 (+3.27%) as oil-linked assets rally due to escalating geopolitical tensions impacting global crude supply. - Crude prices surged following reports of missile attacks on commercial vessels in the Strait of Hormuz and a drone attack on Russia's largest oil refinery. - These incidents have reignited concerns over potential supply disruptions, overshadowing recent OPEC+ commitments to increase production. - As a fund designed to follow light, sweet crude oil, USO is seeing significant gains aligned with this upward momentum in the energy sector.