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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The USA API weekly crude oil stock report showed a draw of 1.500 million barrels, which is less than the estimated draw of 2.100 million barrels and significantly less than the prior draw of 4.339 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:39 pm

Israeli Prime Minister Netanyahu has stated that Iran made a significant mistake and will face consequences. This statement could impact geopolitical tensions and related markets.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 8:31 pm

The Israeli military has announced its intention to demonstrate its precise and surprising attack capabilities following an attack by Iran. This development could have geopolitical implications and affect related financial markets.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:29 pm

The Pentagon has expressed full support for Israel's right to defend itself following a significant attack by Iran. This geopolitical tension may impact various sectors, including defense and energy.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:19 pm

The U.S. State Department has affirmed Israel's right to self-defense while emphasizing coordination on any response. This statement may impact ETFs related to Israel and broader market indices.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:18 pm

The Pentagon has condemned Iran's attacks and called for a halt to further aggression. U.S. Navy destroyers intercepted Iranian missiles aimed at Israel, with no prior warning from Iran. No other U.S. military assets were involved in the interception.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 7:15 pm

Iran launched nearly 200 missiles towards Israel, which were reportedly defeated with the help of U.S. coordination with the Israel Defense Forces. The situation is being monitored for further threats. A Palestinian civilian death in the West Bank was reported.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 6:51 pm

Iran's Revolutionary Guards have claimed responsibility for a missile attack targeting three Israeli military bases. This development could heighten geopolitical tensions in the region.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 6:46 pm

Israeli media reports that Israel's military plans to continue conducting powerful airstrikes throughout the Middle East tonight.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 6:45 pm

Iran launched a missile attack on Israel, escalating Middle East tensions. This has led to a rise in oil and gold prices, while the S&P 500, Dow Jones, Nasdaq, and Bitcoin have fallen. The US is increasing its military presence in the region.

Portfolio Pulse from Chris Katje

October 01, 2024 | 5:51 pm

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