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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Oil prices are rising due to reports that Iran may be preparing to attack Israel, which could lead to increased geopolitical tensions in the Middle East.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:06 pm

An Israeli strike on Beirut's southern suburbs has been reported by a Reuters witness. This event could have geopolitical implications, potentially affecting markets and ETFs related to Israel and the broader Middle East region.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:48 pm

The U.S. government is actively supporting Israel's defensive preparations against potential attacks from Iran. A direct military attack from Iran on Israel would result in severe consequences for Iran.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:44 pm

A senior White House official has indicated that the United States has signs of an imminent ballistic missile attack by Iran against Israel. This geopolitical tension could impact various sectors and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:36 pm

Guyana's Energy Ministry announced that it expects to receive bids for a crude marketing contract on Tuesday. This development could impact the global oil market and related financial instruments.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:31 pm

The Israeli military has announced that its operations in Lebanon will continue tonight. This development may have implications for regional stability and could impact related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 12:19 pm

Lebanon's Hezbollah was reportedly targeted with missiles at military positions in the suburbs of Tel Aviv, according to a Reuters statement.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 9:08 am

A large blast was heard in Beirut's southern suburbs following warnings of an Israeli strike, according to a Reuters witness. This development could have geopolitical implications, potentially affecting markets and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 8:45 pm

The White House emphasizes the importance of a diplomatic resolution to achieve a ceasefire between Israel and Lebanon.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 7:28 pm

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