Oil ETFs swing on Venezuela shock: USO, BNO track crude as U.S. stockpile data looms
U.S.-listed crude oil ETFs rose in premarket trade Tuesday, with USO and BNO each up 1.8%. Brent crude climbed 0.5% to $62.06 a barrel after the U.S. captured Venezuela’s President Nicolas Maduro, raising uncertainty over Venezuelan output. Investors await U.S. inventory data for further direction. Analysts expect oil supply to remain ample in 2026 despite the Venezuela shock.