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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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The UK Maritime Trade Operations reported a vessel being hit by an unmanned aerial system in the Red Sea, south of Yemen. The responsible party was not identified.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:28 pm

Iran conducted an airstrike in Pakistan's Balochistan province, killing two children and prompting Pakistan to condemn the attack as an 'unprovoked violation of airspace' with warnings of retaliation. Iran claimed the strike targeted militants responsible for attacks in Iran. The incident escalates tensions in the Middle East, following Iran's missile strikes in Iraq and Syria against alleged Israeli targets. The U.S. condemned the strikes as 'reckless,' and the UN called for dialogue. The broader conflict includes Israel's war in Gaza, U.S. strikes against Houthi targets in Yemen, and attacks on U.S. troops by Iranian proxies.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 2:46 pm

OPEC's monthly report maintains its 2024 world oil demand growth forecast at 2.25 million barrels per day (B/D) and projects a growth of 1.85 million B/D for 2025.

Portfolio Pulse from Charles Gross

January 17, 2024 | 12:50 pm

The White House has stated that the U.S. anticipated retaliatory strikes from Yemen's Houthi rebels and conducted additional strikes on Tuesday to neutralize ballistic missiles ready for launch. The U.S. emphasizes that it is not seeking war with the Houthis, who still have the option to de-escalate the situation.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:53 pm

The U.S. Energy Information Administration (EIA) reported that oil production from U.S. shale regions is expected to decrease by approximately 900 barrels per day in February, reaching 9.68 million barrels per day. This decline is a slight increase from the 600 barrels per day fall observed in January, according to Reuters citing EIA data.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:34 pm

The U.S. Energy Information Administration (EIA) forecasts an increase in new well oil production per rig across major regions. The Bakken region is expected to produce 1,842 barrels/day, up from 1,833 barrels/day a month ago. The Permian region is forecasted to produce 1,346 barrels/day, an increase from 1,332 barrels/day. The Eagle Ford region's production is estimated at 1,634 barrels/day, up from 1,629 barrels/day previously.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:33 pm

The U.S. Energy Information Administration (EIA) reported that oil production in the Permian Basin for February is expected to increase by 5,500 barrels per day, reaching a total of 5.974 million barrels per day. This is a slight decrease from the 6,200 barrels per day rise seen in January.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:32 pm

The U.S. Energy Information Administration (EIA) reported that oil production from the Eagle Ford region is expected to decrease by 2,000 barrels per day in February, reaching 1.147 million barrels per day, compared to a decline of 1,400 barrels per day in January.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:31 pm

U.S. Central Command has conducted strikes in Yemen in response to ongoing Houthi attacks against international shipping. This action reflects the U.S.'s commitment to maintaining the free flow of commerce in the region.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 6:09 pm

U.S. officials have confirmed that the U.S. conducted a new military strike against Houthi anti-ship missiles in Yemen on Tuesday. The operation is part of ongoing efforts to counter the Houthi threat and ensure maritime security in the region.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:27 pm

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