USO Stock Drops as Oil Prices Slide 4% After Trump Remarks

The United States Oil Fund, widely tracked through the ticker USO, dropped sharply after global oil prices slid more than 4% percent following comments from former United States President Donald Trump about easing geopolitical tensions and possible changes in energy policy. The sudden shift in oil markets sent shockwaves through energy stocks, exchange-traded funds tied to crude, and commodity traders across global markets.