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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On November 6th, US stock markets closed in green, with Dow Jones, S&P 500, and Nasdaq all seeing gains. However, Asian and European markets dipped, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and Hong Kong's Hang Seng Index all closing lower. Commodities also traded lower, with Crude Oil WTI, Natural Gas, Gold, Silver, and Copper all seeing declines. US futures were also down.

Portfolio Pulse from Akanksha Bakshi

November 07, 2023 | 1:18 pm

The S&P 500 and Nasdaq are set to break their 6-day rally as stock futures indicate a lower opening on Tuesday. The day is expected to be dominated by a series of Federal Reserve speeches. The SPDR S&P 500 ETF Trust (NYSE:SPY) slipped 0.36% to $434.10 and the Invesco QQQ ETF (NASDAQ:QQQ) fell 0.31% to $368.07 in premarket trading. Several companies including Alteryx, Inc. (NYSE:AYX), Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), and Sanmina Corporation (NASDAQ:SANM) saw significant movement in premarket trading following their earnings reports.

Portfolio Pulse from Shanthi Rexaline

November 07, 2023 | 12:15 pm

OPEC Secretary General has stated that the demand for oil continues to rise significantly. This could potentially impact the prices of oil-related ETFs.

Portfolio Pulse from Charles Gross

November 07, 2023 | 10:45 am

Israeli Prime Minister Netanyahu has announced that Israel will take 'overall security responsibility' of Gaza following the war. This could potentially impact the stability in the region.

Portfolio Pulse from Charles Gross

November 07, 2023 | 12:22 am

Israel's military is currently striking Hezbollah targets in Lebanon, according to Reuters. This could potentially impact the stability in the region and affect related ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:15 pm

The Israeli military has reported approximately 30 rocket launches from Lebanon towards Israel in the last hour. In response, the Israeli military is retaliating with artillery fire towards the origin of the launches.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 3:04 pm

Warren Buffett's Berkshire Hathaway is holding a record $157B in cash, while its stock portfolio shrank from $353B to $319B last quarter. Major holdings like Apple, American Express, and Coca-Cola showed losses. South Korea has banned short selling until June 2024, triggering a 5.7% rally in Korean stocks. Stocks in Japan rose 2.4% due to anticipated Bank of Japan policies. Positive money flows were observed in Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla, while negative flows were seen in Apple. Mixed flows were seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

November 06, 2023 | 3:03 pm

On November 3rd, U.S. stock markets closed higher due to falling bond yields, slowing job growth, and rising unemployment. The S&P 500, Dow Jones, and Nasdaq all saw gains, with real estate leading the sectors. Asian markets also saw gains, while European markets slid. Crude oil traded higher, while natural gas declined. Gold traded lower, while silver and copper rose. U.S. futures were up, and the U.S. Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

November 06, 2023 | 11:53 am

US stock futures are holding up early Monday, indicating a potential extension of last week's gains. The market's performance will be influenced by a scheduled Fed speech and the release of several earnings reports, mostly from small and mid-cap companies. Despite the recent rally, analysts remain cautious due to the lack of breadth in the market. The rise in bond yields may also cause unease among traders. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF both saw gains. Several companies, including Tesla, Berkshire Hathaway, and DISH Network, are in focus due to premarket trading activity and upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

November 06, 2023 | 11:47 am

The U.S. Baker Hughes Oil Rig Count has decreased to 496 from 504, and the Total Rig Count has also dropped to 618 from 625.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 5:04 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.