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's Energy Minister, Novak, has stated that Russia and Saudi Arabia have not discussed any action plan within OPEC+ in case of further escalation in the Middle East, according to Reuters citing IFAX.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:26 pm

China's Middle East Special Envoy has stated that the top priority is to achieve an immediate ceasefire. This could potentially impact the stability of the region and consequently, the global markets.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 2:17 pm

According to the EIA Administrator, the demand for fossil fuel energy is expected to increase steadily due to current policies. However, non-fossil fuel sources are projected to grow at a faster rate.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:51 pm

The article lists the top 10 trending stocks on WallStreetBets as of October 11, 2023. The stocks mentioned include AAPL, CPI, META, NFLX, NVDA, PLTR, PPI, QQQ, TSLA, and USO.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:21 pm

Russian President Vladimir Putin stated that without oil supply cuts, the price of oil could have fallen below $50 per barrel. He also mentioned that the OPEC+ deal is likely to continue.

Portfolio Pulse from Charles Gross

October 11, 2023 | 1:19 pm

Russian President Putin has stated that the conflict in Israel could affect logistics but not oil output. He also mentioned that the U.S. is increasing tensions in the region by deploying its navy.

Portfolio Pulse from Charles Gross

October 11, 2023 | 12:39 pm

Russian President Vladimir Putin has stated that Russia will continue to significantly contribute to the balancing of the global energy market, according to Reuters.

Portfolio Pulse from Charles Gross

October 11, 2023 | 12:12 pm

The Israel Education Ministry has announced that all schools will shift to remote learning starting Sunday, according to a statement cited by Reuters.

Portfolio Pulse from Charles Gross

October 11, 2023 | 11:53 am

US Treasury Secretary Janet Yellen has warned Iran that no options are 'off the table' when it comes to sanctions. This could potentially impact the global oil market and subsequently, the performance of ETFs like EIS, SPY, and USO.

Portfolio Pulse from Charles Gross

October 11, 2023 | 11:50 am

Stock futures traded higher on Wednesday amid hopes that the Federal Reserve may announce a pause at the month-end’s rate-setting meeting. The Nasdaq Composite, S&P 500, and Dow Industrials Average posted gains for the third consecutive session. The SPDR S&P 500 ETF Trust (NYSE:SPY) gained 0.29% to $435.79 and the Invesco QQQ ETF (NASDAQ:QQQ) rose 0.40% to $370.08 in premarket trading. Novo Nordisk A/S (NYSE:NVO) rose over 2.50% in premarket trading after stopping a trial for renal impairment in people with type 2 diabetes and chronic kidney disease, which sent shares of DaVita, Inc. (NYSE:DVA) down by about 16%. Birkenstock (NYSE:BIRK) is set to debut on the NYSE.

Portfolio Pulse from Shanthi Rexaline

October 11, 2023 | 11:41 am

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