Oil-themed LOFs opened broadly lower: Southern Crude LOF, E Fund Crude LOF and Harvest Crude LOF fell over 4%; Petroleum LOF and HuaBao Oil & Gas LOF dropped ~3%; Petroleum Fund LOF down just over 1%. US President Trump said he has reached an agreeme

2026-06-12

Oil-themed LOFs opened broadly lower: Southern Crude LOF, E Fund Crude LOF and Harvest Crude LOF fell over 4%; Petroleum LOF and HuaBao Oil & Gas LOF dropped ~3%; Petroleum Fund LOF down just over 1%. US President Trump said he has reached an agreement with Iran to end the war but that final details remain to be completed and expects to sign a peace agreement in the coming days.