US Oil Fund, the biggest oil ETF, posted its largest daily outflow on record as crude prices lose some of the geopolitical premium that was built in from tensions between Iran and Israel. The withdrawal of $376 million was bigger than the previous record of $323 million set in 2009. It followed two days of similarly large inflows in the two prior sessions. Crude prices rallied prior to Iran’s missile and drone attack on Israel, and endured a fresh bout of volatility at the end of last week when Israel reportedly launched a retaliatory strike on the Islamic Republic. US crude futures are trading about $5 below where ... (full story)