Geopolitical risks in oil trade

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OPEC Turns The Output Tap On: What It Means For Oil ETFs
Benzingaยท 2025-08-06 18:50
Oil-focused ETFs came under pressure this week after OPEC+ announced plans to boost production starting in September, raising fresh concerns over an oversupplied market. USO ETF is in the red today. Check its prices live, here. The cartel will unwind the last leg of its voluntary production cuts, adding roughly 547,000 barrels per day back into global supply, reported Bloomberg. The move weighed on crude prices and hit popular oil ETFs tied to near-term futures contracts. Also Read: India Stands Firm on Rus ...