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 latest Baker Hughes report shows a decrease in the U.S. oil rig count by 5 to 479, while the natural gas rig count increased by 3 to 102. The total rig count is now 585, down from 587 previously.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 5:02 pm

The recent jobs report exceeded expectations, leading to a stock market rally and aggressive buying in AI stocks. The report challenges the Fed's recent interest rate cut, suggesting no labor weakness. Positive money flows are observed in major tech stocks and ETFs like SPY and QQQ.

Portfolio Pulse from The Arora Report

October 04, 2024 | 4:05 pm

The Israeli military reports that approximately 250 Hezbollah fighters have been killed in Southern Lebanon since the start of their ground operation. Additionally, the military is assessing the damage from a strike against Hezbollah's intelligence headquarters in Beirut.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 1:05 pm

U.S. markets closed lower due to concerns over the September payrolls report and rising oil prices amid Middle East tensions. Jobless claims increased slightly, and most S&P 500 sectors saw losses, except for energy and IT. Asian markets were mixed, with Japan's Nikkei rising and Australia's ASX falling. European markets showed modest gains, while oil prices rose due to geopolitical concerns.

Portfolio Pulse from Akanksha Bakshi

October 04, 2024 | 10:57 am

The Israeli military has called for the immediate evacuation of specific buildings in Beirut's southern suburbs, as reported by Reuters citing a post on X. This development could have geopolitical implications.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 7:57 pm

A recent Israeli strike on Tulkarm in the West Bank has resulted in at least 14 casualties, according to the Palestinian Health Ministry.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 7:56 pm

The Israeli military has conducted a strike on Tulkarm in the occupied West Bank, according to a statement cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 7:37 pm

Oil prices surged over 5% following President Biden's comments about discussions with Israel regarding a potential strike on Iran's oil facilities. This geopolitical tension has led to a rise in oil-related ETFs.

Portfolio Pulse from Anthony Noto

October 03, 2024 | 7:14 pm

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