Bloomberg Analyst: Crude Oil ETF USO's single-day trading volume exceeds $7.6 billion, setting a record, far surpassing the oil market turbulence periods of 2020 and 2022

SmartContractAuditor · 2026-03-09T18:07:04+00:00

Bloomberg analyst Eric Balchunas stated that the USO exchange-traded fund (ETF) for U.S. stocks and crude oil traded over $7.6 billion today, setting a new record. Since USO tracks oil prices through crude oil futures contracts, long-term holding involves rollover costs and oil price volatility risks, so investors should exercise caution. The surge in trading volume may be attributed to professional traders and high-risk retail investors.

SmartContractAuditor

2026-03-09 18:07:04

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Odaily Planet Daily reported that Bloomberg ETF senior analyst Eric Balchunas posted on X platform that the U.S. Oil Fund (USO) experienced unusually high trading activity today. As of 11:30 a.m. Eastern Time, the daily trading volume exceeded $7.6 billion, breaking its all-time single-day trading record and far surpassing the trading volumes during the volatile oil markets of 2020 and 2022. Since USO primarily tracks oil prices by rolling over futures contracts, long-term holding may be eroded by futures roll costs, and oil prices also carry the risk of rapid declines. Investors should be aware of potential volatility.

Analysts believe that this surge in trading volume may be driven by both professional traders and high-risk tolerant retail investors. USO is considered one of the most sensitive equity assets to oil prices, often attracting a large amount of short-term trading during periods of significant oil price fluctuations.

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