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United States Oil Stock Rallies After Trump Vows to Hit Iran Hard - United States Oil Fund (ARCA:USO)

US Benzinga ✦ xCruzo 🇺🇸🇪🇸
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United States Oil Stock Rallies After Trump Vows to Hit Iran Hard - United States Oil Fund (ARCA:USO)
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United States Oil Fund (USO) shares surged on Wednesday after remarks by President Donald Trump signaling a forceful response to Iran, following an overnight ballistic missile strike. Brent crude jumped more than 7% to $90.45 a barrel after CENTCOM confirmed Iran’s Islamic Revolutionary Guard Corps launched missiles at U.S. military installations in Jordan, all reportedly shot down before impact. Trump said the intercept window was measured in minutes and told Fox News, “We’ll be hitting them hard.” Technical momentum improved: MACD is above its signal line and the histogram is positive. USO was up 6.94% to $128.85. Key watch levels were cited at $141.50 resistance and $127.00 support.

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