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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Israel conducted a significant airstrike on Hezbollah's headquarters in Beirut, targeting the group's leadership. This marks the largest Israeli strike in Beirut since 2006. The attack reportedly hit residential buildings, with no confirmed civilian casualties yet.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 4:20 pm

Oil prices are rising following an Israeli airstrike on Hezbollah headquarters in Beirut, Lebanon. Israeli Prime Minister Netanyahu emphasized the right to address threats and ensure citizen safety in a UN speech.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 4:14 pm

The U.S. Treasury Department has announced new sanctions on Iran due to its interference in U.S. elections. This move could have implications for geopolitical stability and energy markets.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 4:11 pm

The article discusses the disappointing personal income and spending data, a DOJ probe into Super Micro Computer (SMCI) for accounting irregularities, and the impact of Japan's new PM on the yen. It highlights the importance of cautious investment in AI and the significance of money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

September 27, 2024 | 3:30 pm

A series of explosions have been reported in Beirut, with witnesses describing 'massive thick clouds of smoke' rising from the city. The situation is developing, and the cause of the blasts is currently unknown.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 3:22 pm

The August PCE inflation data shows a slowdown, which could impact market expectations for interest rates. Oil prices are under scrutiny due to supply uncertainties caused by Hurricane Helene and Middle East tensions. Chinese stocks are rising, driven by government stimulus efforts.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 1:42 pm

Yemen's Houthi forces claim to have targeted three U.S. warships in the Red Sea. This development could have implications for geopolitical stability and energy markets.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 1:00 pm

The stock market closed higher, driven by strength in semiconductor stocks. Supermicro (SMCI) fell due to reports of a Justice Department probe. Oil prices declined on potential Saudi output increases.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 8:06 pm

The article discusses the impact of China's potential stimulus plan on global markets, highlighting a positive sentiment in U.S. stocks, particularly in the semiconductor and AI sectors. Micron Technology's stock surged due to negative Wall Street positioning despite mediocre earnings. The article also notes positive money flows in major tech stocks and ETFs, and provides investment strategies considering current economic conditions.

Portfolio Pulse from The Arora Report

September 26, 2024 | 4:17 pm

The President of the State of Palestine, Mahmoud Abbas, has stated that Israel has almost entirely destroyed Gaza, rendering it unfit for life. This statement highlights the ongoing conflict and its severe impact on the region.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:44 pm

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