Oil-themed funds opened sharply higher but slipped into the red by afternoon. Harvest Crude Oil LOF, E Fund Crude Oil LOF and China Southern Crude Oil LOF turned negative after each had rallied more than 7% in early trading. Fullgoal S&P Oil & Gas ETF and an Oil LOF also fell. US President Trump said Iran called earlier and wants to reach an agreement.

2026-07-09

Oil-themed funds opened sharply higher but slipped into the red by afternoon. Harvest Crude Oil LOF, E Fund Crude Oil LOF and China Southern Crude Oil LOF turned negative after each had rallied more than 7% in early trading. Fullgoal S&P Oil & Gas ETF and an Oil LOF also fell. US President Trump said Iran called earlier and wants to reach an agreement.