Historical Year Data · 2022
Oil ETF (USO) in 2022
Oil ETF (USO) opened 2022 at $54.83 and closed at $70.11, a +27.87% move for the year. The high of $91.99 was reached on June 8, and the low of $54.83 on January 3.
Open
$54.83
2022-01
Close
$70.11
251 data points
High
$91.99
Jun 8
Low
$54.83
Jan 3
Full Year Change
+27.87%
2021 Change
+67.88%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $54.83 | $62.48 | $62.48 | $54.83 | +13.95% |
| Feb | $62.53 | $67.48 | $67.48 | $62.52 | +7.92% |
| Mar | $71.82 | $74.12 | $85.43 | $68.28 | +3.20% |
| Apr | $74.17 | $77.16 | $80.41 | $72.3 | +4.03% |
| May | $78.38 | $85.47 | $85.47 | $74.53 | +9.05% |
| Jun | $85.54 | $80.35 | $91.99 | $78.98 | -6.07% |
| Jul | $81.67 | $78.05 | $81.67 | $72.81 | -4.43% |
| Aug | $75.13 | $73.11 | $78.69 | $71.24 | -2.69% |
| Sep | $70.95 | $65.28 | $72.73 | $63.2 | -7.99% |
| Oct | $67.89 | $71.53 | $75.1 | $67.89 | +5.36% |
| Nov | $73.12 | $70.23 | $76.82 | $66.88 | -3.95% |
| Dec | $70.45 | $70.11 | $70.45 | $62.71 | -0.48% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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