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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Chinese stocks are experiencing a downturn, while Needham has raised estimates on Reddit. Additionally, oil prices are pulling back further.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:52 pm

Russian Deputy PM Novak stated it's too early to determine if the global market can handle more OPEC+ oil in December. No changes to the OPEC+ deal are being discussed, and the format for the Dec. 1 summit will be decided later.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:01 pm

U.S. markets closed higher as tech stocks gained, while China's markets plunged due to profit-taking and lack of new stimulus. European markets edged up slightly, and crude oil prices rose amid Middle East tensions.

Portfolio Pulse from Akanksha Bakshi

October 09, 2024 | 10:32 am

The USA API weekly crude oil stock report revealed a significant build of 10.9 million barrels, far exceeding the estimated build of 1.950 million barrels and contrasting with the previous draw of 1.458 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:36 pm

Iran has warned Gulf states against allowing their airspace to be used for attacks, labeling it 'unacceptable'. Iranian Foreign Minister Abbas Araqchi is visiting Gulf states for talks, as these nations reassure Iran of their neutrality in any potential Tehran-Israel conflict.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 6:29 pm

The Israeli military has issued a new evacuation warning for specific buildings in Beirut's southern suburbs, as reported by Reuters citing an army spokesperson.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:41 pm

U.S. officials report that Israel is finalizing its response options against Iran, focusing on military and intelligence infrastructure, air defenses, and energy facilities. No final decision has been made yet.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 5:14 pm

Kinder Morgan has shut down its pipelines and terminals that are part of the Central Florida Pipeline System, affecting the Tampa, Florida area.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:26 pm

Israeli Prime Minister Netanyahu announced that Israel has eliminated the successor of Nasrallah. This development could have geopolitical implications, potentially affecting markets and specific ETFs related to the region.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:25 pm

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