Streetbeat News

USO

United States Oil Fund, LP

http://www.unitedstatesoilfund.com

Industry

Asset Management

USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

The United States Oil Fund (USO) has reached a new 52-week high, marking a 27.7% increase from its 52-week low of $66.02 per share. This highlights strong momentum for the ETF.

Portfolio Pulse from

January 16, 2025 | 3:30 pm

Oil ETFs have experienced their best weekly performance since July, but the potential for a sustained rally is uncertain.

Portfolio Pulse from

January 10, 2025 | 2:15 pm

Oil prices have fallen for the second consecutive year in 2024, with a weak outlook for 2025. This trend impacts ETFs focused on oil, such as USO.

Portfolio Pulse from

January 07, 2025 | 7:15 pm

The article suggests that investing in crude oil may offer better returns than gold in 2025 due to cooling geopolitical tensions and a new US administration. Gold prices have struggled to break above $2,700 per ounce, making oil a more attractive investment.

Portfolio Pulse from

December 11, 2024 | 1:30 pm

Crude oil prices are expected to be volatile post-U.S. election due to energy policy, Middle East conflicts, and Chinese economic stimulus. Gasoline prices are bearish, but the election and geopolitical factors could change this. The election outcome will influence energy policy, with Harris favoring renewables and Trump supporting hydrocarbons.

Portfolio Pulse from

November 05, 2024 | 6:45 pm

The U.S. Baker Hughes Oil Rig Count decreased by 1 to 479, while the total rig count remained unchanged at 585.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 5:11 pm

Oil prices are recovering from early-week losses due to escalating Middle East tensions, with WTI crude prices rising 2.4% on Friday. The United States Oil Fund (USO) and Energy Select Sector SPDR Fund (XLE) saw gains, as did Exxon Mobil (XOM) and Chevron (CVX) following earnings reports.

Portfolio Pulse from Piero Cingari

November 01, 2024 | 3:35 pm

U.S. stocks rebounded after a hiring slump in October increased expectations for Federal Reserve interest rate cuts. The SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), iShares Russell 2000 ETF (IWM), and other ETFs saw gains. Amazon's earnings boosted the Consumer Discretionary Select Sector SPDR Fund (XLY).

Portfolio Pulse from Piero Cingari

November 01, 2024 | 2:17 pm

U.S. markets closed lower due to concerns over rising AI-related costs at Microsoft and Meta, despite strong earnings from Amazon and Apple. Crude oil prices rose over 2% amid geopolitical tensions and potential OPEC+ production delays. European markets gained, while Asian markets mostly declined.

Portfolio Pulse from Akanksha Bakshi

November 01, 2024 | 10:52 am

Israeli intelligence suggests that Iran is preparing a major retaliatory strike from Iraq within days. This development could have geopolitical implications, potentially affecting markets and specific sectors.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:35 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.