USO: Large Inflows Detected at ETF

USO saw an approximate $365.0M inflow, a 16.2% week-over-week increase in shares outstanding among ETFs covered by ETF Channel. The move signals rising investor demand for crude oil exposure via USO and may provide modest near-term support to oil-related instruments, but is unlikely to have broad market impact.

Analysis

USO saw an approximate $365.0M inflow, a 16.2% week-over-week increase in shares outstanding among ETFs covered by ETF Channel. The move signals rising investor demand for crude oil exposure via USO and may provide modest near-term support to oil-related instruments, but is unlikely to have broad market impact.