Top oil ETF slammed with record outflow as geopolitical fears fade

seekingalpha04-25

Crude oil futures closed lower Wednesday, as U.S. data showing a drop in weekly demand for gasoline outweighed support from the first drop in commercial crude supplies in five weeks. Commercial crude ...

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Commercial crude ...</p>\n\n<a href=\"https://seekingalpha.com/news/4093769-top-oil-etf-slammed-with-record-outflow-as-geopolitical-fears-fade\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top oil ETF slammed with record outflow as geopolitical fears fade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop oil ETF slammed with record outflow as geopolitical fears fade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-25 07:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4093769-top-oil-etf-slammed-with-record-outflow-as-geopolitical-fears-fade><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Crude oil futures closed lower Wednesday, as U.S. data showing a drop in weekly demand for gasoline outweighed support from the first drop in commercial crude supplies in five weeks. Commercial crude ...</p>\n\n<a href=\"https://seekingalpha.com/news/4093769-top-oil-etf-slammed-with-record-outflow-as-geopolitical-fears-fade\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BNO","symbol_name":"美国布伦特原油基金有限合伙企业","start_time":0,"source_url":"https://seekingalpha.com/news/4093769-top-oil-etf-slammed-with-record-outflow-as-geopolitical-fears-fade","article_id":"2430490528","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1213764535/image_1213764535.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430490528","pubTimestamp":1714000238,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Crude oil futures closed lower Wednesday, as U.S. data showing a drop in weekly demand for gasoline outweighed support from the first drop in commercial crude supplies in five weeks. Commercial crude ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BNO":"美国布伦特原油基金有限合伙企业","USOI":"X-Links Crude Oil Shares Covered Call ETN","BK7067":"生物科技","BNO.AU":"Bionomics","DBO.AU":"Diablo Resources Limited","BK4588":"碎股","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","DBO":"原油ETF-PowerShares","BK7095":"多种金属与采矿","BK4585":"ETF&股票定投概念","BK7104":"黄金","UCO":"二倍做多彭博原油ETF","USL.AU":"Unico Silver Ltd","NRGU":"MicroSectors U.S. Big Oil Index 3x Leveraged ETN","USL":"United States 12 Month Oil Fund LP","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","BK7507":"资源股","BK4563":"昨日强势股","BK7508":"医药生物股","SCO":"二倍做空彭博原油指数ETF","FDN":"First Trust Dow Jones Internet I","BK4570":"地缘局势概念股","BK7506":"金矿股","USO":"美国原油ETF"},"translate_title":"随着地缘政治担忧消退，顶级石油ETF遭遇创纪录资金外流","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBO":1,"USOI":1,"USO":1,"USL.AU":1,"USL":1,"NRGU":1,"GUSH":1,"FDN":1,"DRIP":1,"DBO.AU":1,"BNO.AU":1,"BNO":1,"SCO":0.6,"UCO":0.6},"content_text":"Crude oil futures closed lower Wednesday, as U.S. data showing a drop in weekly demand for gasoline outweighed support from the first drop in commercial crude supplies in five weeks. Commercial crude oil stocks unexpectedly pulled back sharply by 6.4M barrels to 453.6M barrels in the week ended April 19 and were ~3% below the five-year average for the time of year, the Energy Information Administration reported, but U.S. implied gasoline demand fell by 239K bbl/day to 8.42M bbl/day, ~1.1M bbl/day below levels seen last year, while gasoline inventories fell by ~600K bbl, with inventories 4% off the seasonal five-year average.  The large crude draw was the result of very high crude exports, but it could be a one-off, as preliminary tanker tracking data this week shows lower exports, UBS analyst Giovanni Staunovo says. But the implied gasoline demand figures combined with the smaller than expected gasoline supply draw \"poured some cold water on the market... as worries of a persistently tight physical fuel market are beginning to subside,\" Sevens Report Research co-editor Tyler Richey told Marketwatch. Front-month Nymex crude (CL1:COM) for June delivery closed -0.6% to $82.81/bbl, and front-month June Brent crude (CO1:COM) finished -0.4% to $88.02/bbl. ETFs: (NYSEARCA:USO), (BNO), (UCO), (SCO), (USL), (DBO), (DRIP), (GUSH), (NRGU), (USOI) U.S. Oil Fund (USO), the biggest oil ETF, posted its largest daily outflow on record Wednesday, as crude prices lost some of the geopolitical premium that had built up from worries over a wider Middle East war. According to Bloomberg, the $376M withdrawal topped the previous one-day record of $323M set in 2009; after the pullback, USO has $1.3B in assets, which still makes it the largest oil ETF.  More on crude oil  Geopolitical Conflict Threatens Yet Another Shipping Choke Point Middle East Escalation Boosts Oil Supply Risks I Like Oil, But I Love The Refiners!","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430490528"}