Falling inflation and rising demand could benefit rude ETFs like the United States Oil Fund (USO), which is 1.75% lower today amid the decline in oil futures, as well as the ProShares Ultra Bloomberg Crude Oil (UCO). This pulled crude ETFs lower amid growing concerns that ongoing hawkish monetary tightening will affect global economic activity as the year progresses. This follows the news that Chinese Premier Li Qiang was set to allow additional stimulus to buoy China, the world’s largest crude importer, and help it achieve its annual economic growth target of roughly 5%.