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Oil-Themed Funds Reverse Gains After Early Surge; Trump Says Iran Wants a Deal

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2026-07-09 06:55:46
Oil-themed funds opened higher but later gave up gains and turned lower. According to Jin10, Harvest Crude Oil LOF, E Fund Crude Oil LOF, and Southern Crude Oil LOF fell in afternoon trading after each had risen more than 7% earlier in the session.

The S&P Oil & Gas ETF of Fullgoal Fund Management and Petroleum LOF also turned lower.

U.S. President Donald Trump previously said Iran had called earlier and that it wanted to reach an agreement.
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