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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Russia plans to sell its pipeline natural gas to China at nearly half the price for Europe in the next three years. The gas price for China is expected to average $271.6 per 1,000 cubic meters next year, compared to an average of $481.7 for clients in Europe and Turkey.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 5:55 pm

The U.S. Baker Hughes Oil Rig Count has increased by 1 from last week to 513, while the Gas Rig Count has decreased by 1 from last week to 113.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 5:03 pm

Stock futures indicate another down session on Friday, with China's domestic growth concerns and potential for a U.S.-China trade war dampening traders’ risk appetite. Despite this, analysts remain optimistic about the long term. Rumors of China expanding its iPhone ban led to a sell-off in Apple and other tech firms. In premarket trading, the SPDR S&P 500 ETF Trust slipped 0.14% and the Invesco QQQ ETF declined 0.13%. Stocks in focus include DocuSign, which rose over 3% following the release of its quarterly results, and Kroger Co., which is scheduled to release its quarterly results.

Portfolio Pulse from Shanthi Rexaline

September 08, 2023 | 11:16 am

On September 7, US markets ended mixed due to concerns about the Federal Reserve possibly maintaining high interest rates. The Dow Jones gained 0.17%, while the S&P 500 and Nasdaq dipped 0.32% and 0.89% respectively. Asian markets declined due to weak economic data from Japan and concerns about higher US interest rates. European markets also traded in red, with the STOXX 600, DAX, and CAC 40 all declining. Commodities gained, with crude oil, natural gas, gold, and silver all trading higher.

Portfolio Pulse from Akanksha Bakshi

September 08, 2023 | 10:29 am

USA gasoline inventories have seen a draw of 2.666 million, compared to an estimated draw of 0.950 million and a prior draw of 0.214 million.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 3:03 pm

The Energy Information Administration (EIA) reported a build of 0.679M in weekly distillates stocks, higher than the estimated build of 0.239M and lower than the prior build of 1.235M.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 3:02 pm

USA Crude Oil Inventories reported a draw of 6.307M, which is higher than the estimated draw of 2.064M, but lower than the prior draw of 10.584M.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 3:01 pm

US markets closed in red on Wednesday, with Nasdaq down 1% due to concerns of prolonged high interest rates from strong services sector data. Apple's stock fell over 3% after China instructed government employees not to use foreign devices, including iPhones. Asian markets also closed in red, while European markets traded higher. Crude oil traded lower, while gold traded higher.

Portfolio Pulse from Akanksha Bakshi

September 07, 2023 | 10:23 am

The American Petroleum Institute (API) reported a weekly crude oil stock draw of 5.521 million barrels, which is significantly higher than the estimated draw of 1.429 million barrels.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:36 pm

U.S. Secretary of State Blinken has stated that oil prices may increase following recent actions by Saudi Arabia, but are expected to settle afterwards.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 7:00 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.