United States 12 Month Oil Fund, LP Price & Performance (USL)

President Trump has declared a national energy emergency, reversing prior policies and pushing for increased U.S. oil and gas production. While this move may lower energy prices, analysts note that market dynamics like OPEC+ actions and tariffs could complicate outcomes for oil producers and investors.1

Barclays reports a 50% drop in net long positions on Brent crude, reflecting investor caution amid a 13% price decline from early 2025 highs. Market factors like geopolitical tensions and Chinese demand expectations are influencing this shift in sentiment.2

Blue Owl Capital plans a $150 million share repurchase despite an 11% stock price decline. This move comes amid broader market volatility driven by new tariffs and political uncertainties, which have weighed on investor confidence.3