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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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Hezbollah has stated that they have not requested any assistance from Iran, although Iran remains supportive. This statement was made by Hezbollah lawmaker Hassan Fadlallah.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:56 pm

Oil prices remain stable despite geopolitical tensions following the death of Hezbollah leader Hassan Nasrallah. Israel considers a ground incursion into Lebanon, while oil supply remains unaffected. Defense stocks show mixed performance amid rising tensions.

Portfolio Pulse from Anthony Noto

September 30, 2024 | 6:15 pm

Russia is open to extending the OPEC+ agreement beyond 2025 if market conditions necessitate it. OPEC+ countries are intentionally reducing their oil market share to prevent potential shortages in the future.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:48 pm

The U.S. State Department has been informed by Israel about limited military operations targeting Hezbollah infrastructure near the Lebanon border.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:30 pm

Turkish President Erdogan has called for the U.N. General Assembly to recommend the use of force if the U.N. Security Council fails to stop Israeli attacks in Gaza and Lebanon.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:00 pm

Israeli troop movements indicate a potential ground incursion into Lebanon, as reported by a U.S. official to Reuters. This geopolitical tension could impact various sectors, including energy and defense.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:29 pm

The Israeli military has announced the destruction of a warehouse containing surface-to-air missiles near Lebanon's international airport. This action could have geopolitical implications, potentially affecting regional stability and related markets.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:14 pm

Yemen's Houthi movement has announced plans to escalate military operations in response to Israeli attacks. This development could impact global markets, particularly in sectors related to energy and defense.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:03 pm

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