Oil futures etf global macro funds are rotating into

Global macro funds are rotating into oil futures ETFs as a hedge against potential Q4 supply shocks, particularly in the Persian Gulf. Crude oil futures slipped on Thursday, adding to another three consecutive retreats this week, as geopolitical tensions escalated with the US set to expand Ukraine military aid . Some millennial investors have been duped by a complex oil ETF that is struggling to stay alive. The oil futures ETF market saw heightened volatility, with Brent crossing $88 amid OPEC supply tightening. Technical charts show a breakout pattern, suggesting potential upside if geopolitical tensions persist.