Significant Capital Withdrawal Observed in USO ETF

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The USO ETF (Symbol: USO) experienced a significant outflow of approximately $346.1 million, marking a 22.1% decrease in shares outstanding week over week, from 19,923,603 to 15,523,603. This notable decline was reported today.

Currently, the USO ETF trades at $79.34, within a 52-week range of $60.87 to $83.41. The 200-day moving average may provide additional insights into its price performance.

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