United States Gasoline Fund, LP (UGA)

U.S. Energy Secretary Jennifer Granholm announced Tuesday that the Biden administration has ordered the release of approximately 1 million barrels of gasoline from the nation’s reserves to lower pump prices in the Northeastern United States. The release will occur in 100,000-barrel increments, aimed at easing fuel costs between Memorial Day and...

Oil prices surged recently to their highest levels since October as investors closely monitored escalating geopolitical tensions in key regions. The improved demand outlook is another reason for which oil prices can go higher.

Read more on the latest insights on the oil market: soaring demand, production shortages, and forecasts hinting at possible price corrections above $100.

In this week’s ETF wrap, you’ll see the funds that soared in May and those that suffered. I'll also give you a look at how ETF flows shook out last month.