S&P 5007,773.95▲ +0.66%Nasdaq 10031,076.44▲ +0.87%Dow51,267.90▲ +0.18%Russell 20002,847.14▲ +0.50%VIX15.51▼ -0.06%10Y yield5.31%▲ +3.0 bpWTI crude88.74▼ -0.77%Gold4,163.80▲ +0.17%Bitcoin85,519▼ -0.31%Nikkei 22570,683.98▲ +1.05%Hang Seng24,213.71▲ +0.72%Shanghai3,842.20▲ +0.31%KOSPI6,941.39▼ -0.89%Nifty 5022,712.85▲ +0.70%ASX 2008,735.70▲ +0.57%FTSE 10010,578.81▲ +0.77%DAX25,414.13▲ +0.63%Euro Stoxx 506,279.21▲ +0.59%TSX35,518.60▲ +0.04%S&P 5007,773.95▲ +0.66%Nasdaq 10031,076.44▲ +0.87%Dow51,267.90▲ +0.18%Russell 20002,847.14▲ +0.50%VIX15.51▼ -0.06%10Y yield5.31%▲ +3.0 bpWTI crude88.74▼ -0.77%Gold4,163.80▲ +0.17%Bitcoin85,519▼ -0.31%Nikkei 22570,683.98▲ +1.05%Hang Seng24,213.71▲ +0.72%Shanghai3,842.20▲ +0.31%KOSPI6,941.39▼ -0.89%Nifty 5022,712.85▲ +0.70%ASX 2008,735.70▲ +0.57%FTSE 10010,578.81▲ +0.77%DAX25,414.13▲ +0.63%Euro Stoxx 506,279.21▲ +0.59%TSX35,518.60▲ +0.04%
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ETF research

USO: United States Oil Fund, LP research

As of 09-29-2026

Below gradeHedgeRole: commodity speculative sleeve6-month horizonMacro: NEUTRAL

USO has posted extreme trailing gains (93% YTD, 86% 12m) and sits above its 200-day average, but this looks like a late-stage momentum spike rather than a broad trend supported by macro data. Energy is rated neutral in sector rotation, not a leadership sector, and the current risk-on regime is being driven by tech, financials, and communication services, not commodities.

The full thesis, the catalysts to watch and the key risks open with a plan. Compare plans

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