--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/42184732.md" description: "$United States Oil Fund LP(USO.US) fell four to five points, $CNOOC(00883.HK) followed with a drop of nearly three points. After the ceasefire in the Middle East and the resumption of traffic in the Strait of Hormuz, oil prices fell back below $70, putting pressure on the oil sector. On the other hand, $American Electric Power(AEP.US) rose slightly, with defensive assets like electric utilities remaining stable. Both are energy-related, but oil and gas move with crude prices, while electricity moves with defensive demand—completely different logics.Is the drop in oil prices to this level an equilibrium after geopolitical premiums have been cleared, or a precursor to weakening demand? It looks more like the former, with just the panic premium on the supply side receding." datetime: "2026-06-25T09:58:03.000Z" locales: - [en](https://longbridge.com/en/topics/42184732.md) - [zh-CN](https://longbridge.com/zh-CN/topics/42184732.md) - [zh-HK](https://longbridge.com/zh-HK/topics/42184732.md) author: "[星星莓](https://longbridge.com/en/profiles/28168126.md)" --- # $United States Oil Fund LP(USO.US) fell four to fi… ### Related Stocks - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [00883.HK](https://longbridge.com/en/quote/00883.HK.md) - [AEP.US](https://longbridge.com/en/quote/AEP.US.md) - [600938.CN](https://longbridge.com/en/quote/600938.CN.md) - [80883.HK](https://longbridge.com/en/quote/80883.HK.md)