Oil ETFs swing on Venezuela shock: USO, BNO track crude as U.S. stockpile data looms
NEW YORK, January 6, 2026, 06:38 EST — Premarket U.S.-listed crude oil exchange-traded funds were higher in premarket trade on Tuesday as oil prices nudged up, with investors weighing uncertainty over Venezuelan output after the U.S. captured Venezuela’s President Nicolas Maduro. Brent crude futures rose 0.5% to $62.06 a barrel and U.S. West Texas Intermediate was up 0.4% at $58.57 by 0930 GMT. Reuters The moves put popular oil ETFs back in play at the start of 2026, when investors often reposition and hedge quickly through exchange-traded products rather than trading crude futures directly. But the market’s focus has stayed on