The daily trading volume of crude oil ETF USO exceeded 7.6 billion US dollars, setting a record, far exceeding the turbulent period of the oil market in 2020 and 2022 According to a report by Golden Finance, Eric Balchunas, a senior analyst at Bloomberg ETF, stated on X platform that the trading volume of the United States Oil Fund, a US stock exchange traded crude oil fund, was exceptionally active today. As of 11:30 am Eastern Time, the daily trading volume has exceeded $7.6 billion, breaking its historical daily trading record and far exceeding the trading volume level during the period of severe fluctuations in the oil market in 2020 and 2022. Due to the fact that USO mainly tracks oil prices by rolling crude oil futures contracts, long-term holdings may be eroded by the cost of futures roll over, and there is also a risk of rapid drawdown in oil prices. Investors need to be aware of potential fluctuations. Analysis suggests that the surge in transactions in this round may come from both professional traders and high-risk preference retail funds. USO is considered one of the most sensitive stock assets to oil prices, and therefore often attracts a large number of short-term trades during periods of intense oil price fluctuations.