USO is trading 3.1% up today as crude oil prices surge on renewed Middle East supply concerns.
- WTI crude has climbed above $107–$110 per barrel, marking its highest level in weeks following drone strikes on UAE and Saudi energy infrastructure.
- Heightened geopolitical tensions and a broader flight to safety are driving gains in oil-linked ETFs despite weakness in major equity indices.
- Reports of strikes near critical infrastructure, including a nuclear facility, have intensified fears of a potential regional escalation.