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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Federal Reserve's Barkin has stated that there are significant risks associated with both over and under tightening monetary policy. He also mentioned that the recent turmoil in the Middle East has not yet affected data.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:33 pm

U.S. Secretary of State, Blinken, has spoken with Israeli leaders about increasing the sustained delivery of food, water, and medicine. The State Department remains focused on securing the release of hostages, including Americans.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:39 pm

U.S. Secretary of State, Blinken, has stated that the U.S. has provided Israel with advice on how to minimize civilian deaths while still achieving its objective to finish Hamas. He emphasized that the protection of civilians should be extended to both Gaza and the West Bank.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:38 pm

U.S. Secretary of State, Blinken, has stated that the U.S. has and will continue to respond to attacks by Iranian proxies. This could potentially impact the geopolitical landscape and affect related ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:36 pm

On November 2nd, U.S. stock markets closed higher due to optimism about the Fed's rate hikes and positive quarterly reports. All S&P 500 sectors advanced, with the Dow Jones, S&P 500, and Nasdaq Composite all seeing gains. Asian markets also saw gains, with Japan's markets closed for Culture Day. European markets were mixed, with the STOXX 600 and Germany's DAX gaining, while France's CAC and the U.K.'s FTSE 100 traded lower. Commodities saw mixed results, with Crude Oil and Brent trading lower, while Natural Gas and Gold traded higher. U.S. futures were mixed, and the U.S. Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

November 03, 2023 | 11:29 am

Russia's Energy Ministry has announced that November exports of crude and petroleum products will decrease by more than 300K barrels/day, compared to the average value of May-June. The ministry also stated that Russia continues to fully participate in the voluntary efforts of OPEC+ to stabilize the energy market.

Portfolio Pulse from Charles Gross

November 03, 2023 | 9:31 am

The White House's spokesperson, John Kirby, has stated that the U.S. will work with Israel to minimize civilian casualties. No specific actions or strategies were mentioned.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:05 pm

The White House's Kirby has announced that they are exploring the idea of taking as many pauses as necessary to evacuate people from Gaza and provide aid. No specific plans or timelines were mentioned.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:00 pm

Traders are circulating a post stating that Lebanon's Hezbollah has attacked 19 positions in Israel along the border with Lebanon, according to a senior Hezbollah source. The news could potentially impact the performance of certain ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:41 pm

The U.S. intelligence has reported that the Wagner Group, a Russian paramilitary group, may provide an air defense system, the SA-22, to Hezbollah, a Lebanese militia. The SA-22 system uses anti-aircraft missiles and air defense guns to intercept aircraft.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:53 pm

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