Trading volume in the US Oil Fund ETF, $USO, hit $7.6 billion on Wednesday, ~20 TIMES the daily average of ~$375 million.
This follows Monday's record of $16.3 billion, the highest single-day volume in the fund's history.
Both days dwarf the previous peaks seen during the 2020 oil crash, the 2022 energy crisis, and the 2025 spike.
The surge is mostly driven by retail investors chasing the oil price moves.
This is crazy.
Retail trying to cash in?
Without a doubt, the markets are manipulated, and this is a great example. After months of decline, it rises sharply "accompanied by geopolitical news" to wipe out all the bears.