USO Hits More Than 11-Year High as Brent Tops $116
The United States Oil Fund touched $167.88, its highest level since May 2015, as Brent topped $116 and WTI crossed $100 amid escalating Middle East tensions and concerns over potential supply disruptions.
The United States Oil Fund (USO) climbed to a level not seen in more than 11 years, as crude prices advanced amid rising Middle East tensions and concerns about possible supply disruptions. USO, which tracks U.S. crude oil futures, reached $167.88, its highest level since May 2015.