Investors are cashing-in massive profits from the oil trade:
The United States Oil ETF, $USO, has posted -$900 million in outflows so far in April, on track for its largest monthly withdrawal since the 2009 record of -$1.2 billion.
Still, the ETF is up +2% month-to-date, after rising as much as +100% from January to early April.
This comes after +$700 million in inflows in March, the highest monthly intake since the 2020 pandemic.
By comparison, the largest monthly inflow on record was +$3.2 billion in April 2020, followed by +$2.1 billion in March 2020.
Overall, $USO has surged +91% year-to-date, on track for one of its best annual performances this century, followed by +65% in 2021 and +47% in 2007.
Oil markets have made history.
Oil infrastructure getting hit everywhere around the globe https://t.co/Fm48Fnojx1
— TheGlobalDecoder (@TGD_06) April 25, 2026
3/21: “Iran has 48 hours to make a deal!”
3/23: “Iran has 5 days to make a deal!”
3/26: “Iran has 10 days to make a deal!”
4/7: “Iran has 2 weeks to make a deal!”
4/21: “Iran has until Sunday to make a deal!”
4/25: “…uh they’ll call us at some point” https://t.co/OS5mcJOOlr pic.twitter.com/rA84B2MywD— 𝐆𝐫𝐢𝐦𝐚𝐥𝐝𝐮𝐬 (@ImperiumFirst) April 25, 2026