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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High

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52-wk high

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Low

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Div yield

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52-wk low

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The U.S. State Department expects the number of Americans confirmed dead in the Israel-Hamas conflict to rise on Wednesday, according to Reuters. The conflict may impact the performance of certain ETFs, including EIS (iShares MSCI Israel ETF), SPY (SPDR S&P 500 ETF Trust), and USO (United States Oil Fund).

Portfolio Pulse from Charles Gross

October 11, 2023 | 11:21 am

On Tuesday, October 10, U.S. stock markets closed higher, driven by declining yields across various maturities. The majority of the S&P 500 sectors ended positive, with utilities, materials, consumer discretionary, and consumer staples leading the gains. In contrast, energy stocks slightly declined. Asian markets also closed higher on Wednesday, while European markets were mixed. Commodities were mixed with Crude Oil trading lower and Natural Gas, Gold, and Silver trading higher.

Portfolio Pulse from Akanksha Bakshi

October 11, 2023 | 10:38 am

Jordan's King Abdullah has stated that there will be no security, stability, or peace in the Middle East until Palestinians achieve a sovereign state alongside Israel. This statement could potentially impact the geopolitical situation in the region.

Portfolio Pulse from Charles Gross

October 11, 2023 | 10:23 am

U.S. Defense Secretary Austin has pledged to ensure Israel has what it needs to protect itself and that Washington will support Ukraine for as long as it takes, according to Reuters.

Portfolio Pulse from Charles Gross

October 11, 2023 | 8:50 am

A screening of small-cap ETFs revealed the largest positive and negative returns of the week. Innovator U.S. Equity Buffer ETF - October (POCT) and The United States Oil Fund LP (USO) saw increases in net assets, while Invesco KBW Bank ETF (KBWB) and JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) experienced losses. The KBWB fund's largest holdings are JPMorgan Chase & Co. (JPM) and Wells Fargo & Company (WFC).

Portfolio Pulse from Johnny Rice

October 10, 2023 | 8:59 pm

The Israeli military has reported detecting launches from Syrian territory, with some crossing into Israel and falling in open areas. No specific details about the nature of the launches or potential damage were provided.