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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The article discusses the impact of rising yields and a higher neutral rate on various financial assets, including the iShares 20+ Year Treasury Bond ETF (TLT), NVIDIA Corp (NVDA), Advanced Micro Devices (AMD), Tesla Inc (TSLA), and several insurance and generator companies due to Hurricane Milton. It highlights the potential for significant stock moves, the importance of the 10-year Treasury yield, and the implications of the Fed's neutral rate. The article also mentions the positive money flows in major tech stocks and ETFs, and the impact of geopolitical tensions on market volatility.

Portfolio Pulse from The Arora Report

October 08, 2024 | 3:17 pm

Oil prices are declining after a recent rise due to Middle East tensions. Uncertainty about China's economic stimulus is also affecting the demand outlook.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 2:39 pm

Kazakhstan's daily oil production has decreased by 60% due to repairs at the Kashagan oil field, as reported by Reuters citing the Energy Ministry.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 12:13 pm

Global markets experienced mixed results with U.S. markets closing lower due to rising Treasury yields and Middle East tensions. Asian markets saw significant movements, with China's indices surging to two-year highs before losing momentum. European markets also declined, while oil prices fell as supply fears eased.

Portfolio Pulse from Akanksha Bakshi

October 08, 2024 | 10:01 am

Stocks fell as oil prices surged and 10-year yields crossed 4% due to Middle East tensions. The energy sector outperformed, with USO rising over 3%. Major indices like the S&P 500 and Dow Jones declined. Super Micro Computer Inc. surged 14% on product news, while Everest Group Ltd. and Constellation Brands Inc. faced downgrades.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 6:02 pm

Yemen's Houthis have confirmed targeting central Israel with two missiles and launched several drones on Israel's Jaffa and Eilat. This escalation in conflict could impact global markets, particularly those related to oil and defense sectors.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:31 pm

The Israeli military has restricted access to areas around several towns in Northern Israel following a security assessment. This move could impact regional stability and related financial markets.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:03 pm

President Biden and Israel's President Herzog discussed efforts to secure a deal in Gaza to bring hostages home, ensure Israel's security, and alleviate Palestinian suffering.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 4:10 pm

Oil prices are rising due to tensions in the Middle East, leading to supply uncertainty.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 3:43 pm

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