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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Russia and the UAE have requested an urgent meeting of the UN Security Council following a strike on a hospital in Gaza, according to Reuters citing Tass. The news may impact the performance of certain ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 7:43 pm

An Israeli official has stated that a 'large number' of strikes have been called off to avoid civilian casualties. The campaign to eliminate Hamas could take months or years, with every Gaza target being 'approved at the highest level' of the military.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 4:00 pm

The stock market rally was halted due to a warning from Iran of potential preemptive action against Israel. Strong consumer spending data was released, with retail sales exceeding consensus. President Biden's upcoming visit to Israel is seen as a positive for the market. Earnings from Bank of America Corp (BAC) were better than expected, despite a slowdown in consumer spending. Earnings from Goldman Sachs Group Inc (GS) and Lockheed Martin Corp (LMT) were worse than expected, while Johnson & Johnson (JNJ) exceeded expectations. Early trade money flows were negative in several tech stocks, including Apple Inc (AAPL), Amazon.com, Inc. (AMZN), Alphabet Inc Class C (GOOG), Meta Platforms Inc (META), Microsoft Corp (MSFT), NVIDIA Corp (NVDA), and Tesla Inc (TSLA).

Portfolio Pulse from The Arora Report

October 17, 2023 | 2:42 pm

US stock futures are sliding as traders look past positive earnings news. The bond yields have resumed their climb, with the 10-year U.S. Treasury note yield back above 4.7%, reflecting investor fears concerning further rate hikes. Johnson & Johnson (NYSE:JNJ) and Bank of America Corp. (NYSE:BAC) reported better-than-expected results. Analysts predict a year-end rally and a strong 2024 ahead. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) slipped 0.27% and the Invesco QQQ ETF (NASDAQ:QQQ) fell 0.29%.

Portfolio Pulse from Shanthi Rexaline

October 17, 2023 | 11:33 am

South Korea's military has reported that North Korea appears to have military links with Hamas through arms trade. This news could potentially impact the geopolitical landscape and indirectly affect the performance of certain ETFs.

Portfolio Pulse from Charles Gross

October 17, 2023 | 11:15 am

US stock markets closed higher on Monday, October 16, with optimism over the earnings season. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases. Asian markets also closed higher on Tuesday, influenced by Wall Street's optimism. However, European markets faced a slight downturn. Gold remained above $1,900. US futures were down.

Portfolio Pulse from Akanksha Bakshi

October 17, 2023 | 11:00 am

Israel has frozen over 100 Binance accounts due to suspected links with Hamas, as reported by Coindesk. This action could potentially impact the cryptocurrency market.

Portfolio Pulse from Charles Gross

October 17, 2023 | 9:25 am

President Biden announced he will travel to Israel to show solidarity against Hamas's terrorist attack and then to Jordan to address humanitarian needs.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 1:35 am

Israeli Prime Minister Netanyahu had a conversation with Russian President Putin on Monday, during which he made it clear that Israel will not cease its operations in Gaza until Hamas is destroyed. This information was reported by Reuters, citing an Israeli statement and diplomats.

Portfolio Pulse from Charles Gross

October 16, 2023 | 9:19 pm

Iran's Foreign Minister Amirabdollahian has stated that 'A Preemptive Actions' by the Resistance Front could be expected in the coming hours, according to Reuters citing Iran State TV.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 7:55 pm

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