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Investors poured $977 million in March into the ProShares UltraShort Bloomberg Crude Oil ETF (SCO), the largest monthly inflow since 2008, even as the fund fell 41% and its benchmark rose 25%. The ETF delivers twice the inverse of daily crude moves. “That’s a ‘war ends soon’ trade,” said Rocky Fishman, founder of Asym 500. Brent crude surged to $119 before easing to about $102. Analysts warn supply disruptions from the Strait of Hormuz could keep prices elevated. Bullish funds also saw strong inflows, underscoring a sharply divided market.

集运指数（欧线）主力合约日内跌幅达5.00%，现报2303.2点。