The bottom-hunting has already begun, with leading oil ETFs recording their biggest inflows in three years

　　One major crude Oil ETF - the ProShares Ultra Bloomberg Oil ETF(UCO) - recorded its biggest inflow since 2020 this week and the second largest inflow in the fund's history.

　　That's a sign that investors are jumping in after oil prices hit 15-month lows.

　　UCO nearly $800 million. As a leveraged product, it seeks a 2x return. Inflows were recorded for the sixth consecutive trading day through yesterday.

　　Oil prices tumbled this week as a series of thunderstorms in the US and European banking systems pushed prices out of their narrow correction range for the year.

　　Most say prices will recover unless the crisis spreads further, and even if the crisis continues, the fall may be excessive.