Bloomberg Analyst: Oil ETF USO's single-day trading volume surpasses $7.6 billion, hitting a record high

CycleProphet · 2026-03-09T15:59:42+00:00

Bloomberg ETF analyst Eric Balchunas pointed out that on March 9, the United States Oil Fund, traded on the US stock oil exchange, was highly active, with a single-day trading volume exceeding $7.6 billion, breaking a historical record. This growth mainly comes from professional traders and high-risk retail investors. However, long-term holding involves futures rollover costs and the risk of oil price pullbacks, so investors should exercise caution.

CycleProphet

2026-03-09 15:59:42

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Deep Tide TechFlow News, March 9 — Bloomberg ETF senior analyst Eric Balchunas posted on X platform that the U.S. Oil Fund (USO) experienced unusually high trading activity today. As of 11:30 a.m. Eastern Time, the daily trading volume exceeded $7.6 billion, breaking its all-time single-day trading record and far surpassing the trading volumes during the volatile oil markets of 2020 and 2022.

Analysis suggests that this surge in trading may be driven by both professional traders and retail investors with high risk tolerance. USO is considered one of the most sensitive stock-based assets to oil prices, often attracting a large amount of short-term trading during periods of sharp price fluctuations. Eric Balchunas warned that since USO primarily tracks oil prices by rolling over futures contracts, long-term holding may be eroded by futures roll costs. Additionally, oil prices can experience rapid declines, so investors should be aware of potential volatility.

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