The MarketReader Minute
⚡️USO Drops Amid Oil Supply Concerns; Kinder Morgan Declines Amid Geopolitical Tensions and Market Volatility | Energy Sector Insights
New U.S. sanctions targeting Iran's oil industry have been imposed, impacting global supply dynamics amid ongoing geopolitical tensions. Among the ETF's holdings, significant contributors to the negative performance include ExxonMobil, Williams Companies, Kinder Morgan, and Chevron.