🟢 USO is trading 5.1% up today as oil prices surge on geopolitical supply fears and refinery disruption risks

USO is trading 5.1% up today as crude-linked assets spike amid oil market anxiety over Middle East supply routes and refinery disruption risks.

• Elevated geopolitical risk around the Strait of Hormuz and damage to Russian refining capacity are driving a sector-specific energy risk premium.
• The ETF tracks short-term NYMEX WTI crude futures, closely following overnight strength in the oil market.