United States Oil Fund

USO

Market cap $899M

India's Russian oil imports ​fell to their lowest level in two years in December, as Western sanctions pushed refiners to ‌tap alternatives, lifting OPEC's share of imports to an 11-month high, trade data showed.

The crude oil market has pulled back on Thursday as the markets continue to see a lot of questions about Iran.

The ledger of stock market's winners and losers is highlighting a substantially different race so far in 2026, based on a review of equity sectors. For now, it's obvious that sentiment has shifted in favor of shares in the materials and energy sectors, based on a set of ETFs through yesterday's close (Jan. 14).

Here are five key things investors need to know to start the trading day.

The West Texas Intermediate crude oil prices slipped back below the $60 per barrel level as geopolitical tensions eased.  Both oil benchmarks, WTI and Brent, fell more than 4% at one point during Thursday after US President Donald Trump announced that the killings of demonstrators during protests in Iran were ending.

A major exchange-traded fund manager suggests the oil trade won't provide much upside ahead.

WTI crude plunges 4.5% as Trump eases Iran tensions, inventory builds mount, and Venezuela boosts production despite OPEC's bullish demand outlook.

It may well be safer, easier and cheaper for US companies to procure whatever oil the US economy needs at home

President Trump's Venezuelan oil imports serve U.S. energy strategy by optimizing Gulf Coast refineries designed for heavy crude while weakening adversaries.

Oil prices fall as risk of military conflict between U.S. and Iran tapers off