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Oil ETF Sees Huge Inflow Amid US-Iran Tensions
5 Feb
Summary
- An oil ETF experienced its largest daily inflow since the pandemic.
- Nearly $200 million was added to a WisdomTree WTI Crude Oil product.
- Investor confidence is tied to escalating US-Iran geopolitical tensions.
An oil exchange-traded fund has witnessed its most substantial daily inflow since the pandemic began, as investors anticipate further price rallies amid simmering US-Iran tensions.
Approximately $200 million was injected into WisdomTree's WTI Crude Oil exchange-traded product in recent days. This influx boosted the fund's total assets by more than 25% to $915 million.
US futures experienced a nearly 7% surge last week, the largest gain since October, following threats of military strikes by President Donald Trump. While prices initially reversed, ongoing tense military interactions between Washington and Tehran have reopened the possibility of escalation, likely driving the recent investment.
