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

The Pentagon has stated that there are no changes to the U.S. military posture in the Middle East, despite concerns about potential escalation in the region. U.S. Defense Secretary Austin emphasized the importance of a ceasefire deal and the need to reduce tensions in discussions with his Israeli counterpart.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 6:03 pm

Wall Street saw record highs as the Federal Reserve cut interest rates by 50 basis points. Tesla and NVIDIA led a tech rally, with Tesla hitting a two-month high. The iShares Semiconductor ETF erased September losses, and commodities and cryptocurrencies also rose.

Portfolio Pulse from Piero Cingari

September 19, 2024 | 4:51 pm

Oil prices are rising as a result of the Federal Reserve's rate cut, which is expected to boost demand outlook.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 4:36 pm

Israel's Defence Minister Gallant has stated that Hezbollah is under pressure and will face increasing consequences. The new phase of the conflict presents both opportunities and risks, with military actions set to continue.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 4:12 pm

The Israeli military has announced that it is conducting strikes on Hezbollah targets in Lebanon. This development could have geopolitical implications and may affect markets sensitive to Middle Eastern tensions.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 1:57 pm

The US government is looking to purchase up to 6 million barrels of oil to replenish its Strategic Petroleum Reserve, according to the Energy Department. This move is part of efforts to stabilize oil reserves.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:11 pm

The article discusses the potential impact of the Federal Reserve's upcoming interest rate decision, with Wall Street expecting a 50 basis point cut and dovish comments. The SPDR S&P 500 ETF Trust (SPY) is highlighted as being near a resistance zone, with mixed signals from market indicators. Positive money flows are noted in major tech stocks and ETFs like SPY and QQQ. The article also touches on housing starts, Bitcoin, and investment strategies in light of potential Fed actions.

Portfolio Pulse from The Arora Report

September 18, 2024 | 5:18 pm

The U.S. Department of the Treasury has imposed sanctions on Iranian officials linked to human rights violations. This action may impact global markets, including oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 2:43 pm

The EIA reported a weekly build in distillate stocks of 125,000 barrels, which is higher than the expected build of 80,000 barrels. This data could impact energy-related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 2:31 pm

U.S. Cushing oil inventories have decreased by 1.979 million barrels, which could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 2:30 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.