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.

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Microsoft's stock fell due to guidance issues, Estée Lauder withdrew its guidance, Meta shares declined, and oil prices rose.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 4:37 pm

The U.S. Energy Information Administration (EIA) reported that U.S. oil production increased by 1.5% in August compared to July, reaching a record monthly high of 13.4 million barrels per day.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 4:14 pm

U.S. markets closed lower due to declines in chip stocks, despite positive earnings from Microsoft, Meta, and Alphabet. U.S. GDP growth was slightly below expectations, but private payrolls exceeded forecasts. Crude oil prices rose on optimism about U.S. fuel demand, while the U.S. dollar softened.

Portfolio Pulse from Akanksha Bakshi

October 31, 2024 | 11:26 am

The White House has stated that Iran should not respond to Israel's retaliation. If Iran does respond, the U.S. will support Israel. This geopolitical tension could impact various sectors, including energy and defense.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:27 pm

The latest report indicates a draw in USA gasoline inventories by 0.259 million barrels, compared to a previous build of 0.666 million barrels. This change in inventory levels could impact energy-related ETFs and stocks.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:31 pm

The EIA reported a weekly draw in distillate stocks of 0.977 million barrels, which is less than the expected draw of 1.590 million barrels and also less than the prior draw of 1.140 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:30 pm

The latest report on USA crude oil inventories shows a draw of 0.515 million barrels, contrary to the expected build of 1.500 million barrels. This follows a previous build of 5.474 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:30 pm

OPEC+ is considering delaying its planned oil output hike scheduled for December by one month or more, according to Reuters sources. This decision could impact oil prices and related markets.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:28 pm

The American Petroleum Institute (API) reported a crude oil stock draw of 573,000 barrels, contrary to the expected build of 2.3 million barrels. This unexpected draw could influence oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 8:44 pm

Retail investors are betting on a Trump win, with Trump Media & Technology Group Corp (DJT) seeing significant gains. Meta Platforms Inc (META) plans to challenge Google's search dominance. DR Horton Inc (DHI) faces revenue challenges, causing stock declines. Money flows are positive for Alphabet (GOOG) and Tesla (TSLA), neutral for Amazon (AMZN), Microsoft (MSFT), and Meta (META), and negative for Apple (AAPL) and NVIDIA (NVDA).

Portfolio Pulse from The Arora Report

October 29, 2024 | 3:15 pm

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