Oil Fund Posts Largest Inflow Since 2020 as Iran Risk Simmers
Gas flares burn from pipes aboard an offshore oil platform in the Persian Gulf's Salman Oil Field near Lavan island, Iran.
Photographer: Ali Mohammadi/BloombergAn oil exchange traded fund posted its biggest daily inflow since the pandemic as investors bet that prices will continue to rally as tensions between the US and Iran simmer.
Nearly $200 million was reported on Tuesday to have been added to WisdomTree’s WTI Crude Oil exchange-traded product in recent days, lifting the fund’s total assets by just over a quarter to $915 million.