Key Facts
USO fell 4.58% to US$126.15 as the WTI-tracking fund absorbed a second straight session of heavy losses on Tuesday, August 25.
WTI settled near US$82.05 a barrel, down 3.5%, and Brent near US$88.35, down 4.1%, at the 4 p.m. New York close.
Traders shrugged off new US sanctions on Iran announced on Monday, judging them less risky to Middle East supply than military escalation.
US inventories surprised after the American Petroleum Institute estimated a 4.2 million-barrel build — more than double the 1.9 million analysts expected.
