Wall Street Journal Reported Earlier, OPEC Courting Guyana To Become Member
Portfolio Pulse from Charles Gross
The Wall Street Journal reports that OPEC is courting Guyana to become a member. This move could potentially impact the United States Oil Fund (USO).

June 26, 2023 | 12:28 pm
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NEUTRAL IMPACT
OPEC's potential addition of Guyana as a member may impact the United States Oil Fund (USO) in the short term.
OPEC's potential addition of Guyana as a member could affect global oil production and prices, which in turn may impact the United States Oil Fund (USO). However, the short-term impact is uncertain as it depends on the outcome of the negotiations and the subsequent decisions made by OPEC and Guyana.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75