United States Oil Fund, LP Price & Performance (USO)

The United States is reportedly close to finalizing a deal with Ukraine over the profits from its mineral resources. This agreement could help offset U.S. military aid provided during the ongoing conflict with Russia. Rare earth elements and oil are among the resources being discussed, highlighting strategic economic interests.1

Net long positions on Brent crude have halved in the past month, according to a Barclays report. This shift reflects growing caution amid fluctuating oil prices, which fell over 13% from early 2025 peaks. The market remains volatile, influenced by geopolitical tensions and anticipated demand recovery from China.2

A Bank of America survey reveals that fund managers have reduced U.S. stock allocations to their lowest levels since mid-2023. Concerns over global growth and inflation have driven this trend, with investors favoring European and Chinese equities. This shift underscores the uncertain outlook for the U.S. economy.3