USO ETF surges to highest levels since 2015, signaling potential oil market rally amid global energy shifts and crypto volatility like Bitcoin trends.

According to Eric Balchunas, USO is now the fifth most traded ETF, marking a significant comeback after its near collapse during the negative oil price events of COVID-19. USO had to diversify away from front-month contracts to survive, demonstrating strong resilience in volatile energy markets (source: Eric Balchunas on Twitter, June 18, 2025). Traders are watching renewed interest in USO for potential spillover effects on energy-related crypto assets and tokenized commodity products, which often react to dramatic shifts in traditional commodity markets.