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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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Iran's Supreme Leader has stated that Tehran was not involved in the recent Hamas attack, according to CNN. This news may have implications for the iShares MSCI Israel ETF (EIS), SPDR S&P 500 ETF Trust (SPY), and United States Oil Fund (USO).

Portfolio Pulse from Charles Gross

October 10, 2023 | 9:36 am

President Biden is set to make remarks on Israel on Tuesday, according to a White House official. The news may impact the performance of certain ETFs such as EIS (iShares MSCI Israel ETF), SPY (SPDR S&P 500 ETF Trust), and USO (United States Oil Fund).

Portfolio Pulse from Charles Gross

October 09, 2023 | 10:26 pm

The White House's Kirby has stated that there could be more American casualties in Israel. The news could potentially affect the performance of EIS, SPY, and USO.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:49 pm

Venezuela and the United States are reportedly making progress in talks that could lead to sanctions relief for Caracas, potentially allowing an additional foreign oil company to use Venezuelan crude oil for debt repayment. The discussions, which have been ongoing in Qatar since last year, could allow PDVSA’s joint venture partners, including Maurel & Prom (OTCPK: EBLMY), to accept Venezuelan oil as debt settlement. The United States Oil Fund (NYSE:USO), which tracks the performance of the West Texas Intermediate (WTI) benchmark, rose 4% on Monday.

Portfolio Pulse from Piero Cingari

October 09, 2023 | 8:46 pm

President Biden has announced that at least 11 American citizens were among those killed in Israel, and it is likely that American citizens may be among those being held by Hamas.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 8:19 pm

A senior U.S. Defense official has stated that the U.S. currently has no information to corroborate specific allegations of Iran's involvement in Hamas attacks in Israel, as reported by WSJ.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 7:55 pm

A senior U.S. Defense official has stated that the U.S. military can provide support to both Israel and Ukraine while ensuring U.S. military readiness.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 7:49 pm

A senior U.S. Defense official has stated that the U.S. military can provide support to both Israel and Ukraine while ensuring U.S. military readiness.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 7:48 pm

The Israeli Army has reported that it is responding to artillery launches from Lebanon. This geopolitical tension could potentially impact the performance of certain ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 6:53 pm

Netanyahu has stated that the presence of U.S. aircraft carriers in the region is significant to their enemies. He also equated the atrocities committed by Hamas to those of ISIS.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2023 | 6:46 pm

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