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 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

The EIA reported an increase in U.S. gasoline exports to 781,000 barrels per day in August, up from 757,000 barrels per day in July. However, total U.S. oil demand in August decreased by 0.3% compared to the previous year, reaching 20.711 million barrels per day, contrasting with a 2.2% rise in July.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:08 pm

The U.S. Energy Information Administration (EIA) reported an increase in U.S. crude oil production by 195,000 barrels per day in August, reaching 13.401 million barrels per day. The July production was revised up by 1,000 barrels per day to 13.206 million barrels per day.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:07 pm

The EIA reported a decrease in U.S. crude oil exports to 3.907 million barrels per day in August from 4.193 million in July. However, total refined oil product exports increased to 3.546 million barrels per day, and distillates fuel exports rose to 1.516 million barrels per day.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:06 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.