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U.S. Oil Fund ETF USO Reaches Highest Pre-Market Level Since July 2015

The move comes as U.S. gasoline prices rise to their highest level since 2022, pointing to renewed pressure in energy markets.

Fact Check
Both components of the claim are strongly corroborated by multiple independent, credible sources. The USO pre-market high since July 2015 is confirmed by the original @KobeissiLetter X post (the linked source), GuruFocus (which adds the specific 3.3% pre-market gain and price of $139.60 on April 29, 2026), and the Economic Times. The U.S. gasoline prices at their highest since 2022 is confirmed by CNBC (March 31, 2026, $4/gallon threshold crossed), The Guardian (April 28, 2026, $4.18/gallon average), and multiple other outlets. All sources are temporally consistent with the April 29, 2026 event time. No conflicting evidence was found.
Summary

The U.S. Oil Fund ETF, trading under the ticker USO, reached its highest pre-market level since July 2015, according to the provided update. The same source said U.S. gasoline prices have climbed to their highest level since 2022. The move signals stronger energy market pressure, which can influence inflation expectations and broader risk sentiment across financial markets, including crypto-related trading.

Terms & Concepts
  • ETF: An exchange-traded fund is a market-traded investment vehicle that tracks an asset, index, or basket of assets.
  • Pre-market trading: Pre-market trading is buying and selling that occurs before the main U.S. stock market session opens, often reflecting early reactions to news.
  • Risk sentiment: Risk sentiment refers to how willing investors are to hold volatile assets, a factor that can affect cryptocurrencies and other markets.