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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USA gasoline inventories have seen a build of 0.065M, compared to an estimated draw of 0.803M and a prior build of 0.156M.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:32 pm

The Energy Information Administration (EIA) reported a draw of 0.792M in weekly distillates stocks, which is less than the estimated draw of 1.540M and the prior draw of 1.686M.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:30 pm

USA crude oil inventories have seen a build of 0.774M, which is lower than the estimated build of 1.261M and the prior build of 1.371M.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:30 pm

Norwegian Cruise Line Holdings' CEO has reported increased cancellation activity and lower new bookings for the Middle East region, primarily for closed end sailings.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 2:23 pm

On October 31st, U.S. stock markets closed positively with all S&P 500 sectors rising. The Dow Jones, S&P 500, and Nasdaq Composite all saw gains. However, Wall Street’s main indices marked their third straight monthly decline. Asian markets saw mixed results, with Japan’s Nikkei 225 and Australia’s S&P/ASX 200 rising, while China’s Shanghai Composite and Hong Kong’s Hang Seng Index saw minor changes. European markets were also mixed. Commodities saw crude oil rise, while natural gas and gold declined. U.S. futures were down, and the U.S. Dollar Index gained.

Portfolio Pulse from Akanksha Bakshi

November 01, 2023 | 11:39 am

Ahead of the Federal Reserve's rate decision, index futures are pulling back due to negative earnings reports from companies like Advanced Micro Devices, Inc. (AMD) and Yum China Holdings, Inc. (YUMC). The Nasdaq Composite, S&P 500, and the Dow Industrials have recorded three straight monthly losses. However, analyst Ryan Detrick predicts that November could bring positive news for the market. In premarket trading, the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ ETF (QQQ) both fell. Several companies, including Paycom Software, Inc. (PAYC) and WeWork Inc. (WE), saw significant drops in their stock prices.

Portfolio Pulse from Shanthi Rexaline

November 01, 2023 | 11:32 am

The American Petroleum Institute (API) reported a weekly crude oil stock build of 1.347 million barrels, which is less than the estimated 1.601 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:33 pm

White House's Kirby stated that it is not the right time for a general ceasefire, but pauses in fighting can be considered. No direct impact on EIS, SPY, USO is mentioned.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:15 pm

White House's Kirby announced that trucks carrying water and food have entered Gaza, but not fuel. However, they are still unable to evacuate Americans and other foreign nationals from Gaza.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:05 pm

Hamas has announced that it will release foreign hostages in the next few days, according to AFP News Agency. The news may have implications for ETFs such as EIS, SPY, and USO.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:40 pm

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