The United States Oil Fund has climbed by 58% since the start of the Iran war, more than double the gain of WTI crude futures. USO, the largest U.S. oil commodity ETF, has outpaced gains in crude prices. Flows in and out of the fund have been volatile amid tensions and market sentiment tied to the Middle East as traders reacted to developments on the ground and rhetoric from U.S. and Iranian officials, said Frank Walbaum, market analyst at Naga.com. The fund invests in U.S. benchmark West Texas Intermediate crude futures.
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