WTI crude prices plunged to a four-year low amid a double blow from OPEC+ production increases and President Trump's new trade policies targeting major oil importers like China and India.
The ProShares UltraShort Bloomberg Crude Oil ETF saw its largest outflow ($72.2 million) since 2020 as investors cashed in profits from bearish bets, while the United States Oil Fund experienced volatile trading with a $275 million inflow followed by a $98.7 million withdrawal.
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Oil ETF flows. Source: Bloomberg L.P.
JPMorgan reported an $11.6 billion net inflow into crude markets for the week ending April 4, with volatility reaching its highest level since November. Market experts warn that increased retail participation could amplify price swings, with Databento CEO Christina Qi cautioning that "retail-driven flows can increase headline liquidity but also amplify short-term risk."
OIL.WTI (W1)
OIL.WTI is trading at its lowest level since March 2021, with the weekly RSI at its weakest point since the COVID-19 pandemic.
