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

U.S. crude oil inventories saw a larger-than-expected draw of 1.63 million barrels, compared to the anticipated draw of 200,000 barrels and a previous build of 833,000 barrels. This unexpected draw could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 2:30 pm

U.S. markets closed mixed with strong economic data, as investors anticipate the Federal Reserve's rate cut. Most S&P 500 sectors rose, while healthcare and consumer staples fell. Asian markets mostly gained, while European markets were mixed. Commodities saw a decline in oil prices, while gold rose. The U.S. dollar softened slightly.

Portfolio Pulse from Akanksha Bakshi

September 18, 2024 | 10:35 am

The American Petroleum Institute (API) reported a crude oil stock build of 1.96 million barrels, contrary to the expected draw of 100,000 barrels. This unexpected increase in crude oil inventory could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:42 pm

A coordinated attack in Lebanon involving exploding Hezbollah pagers has resulted in numerous casualties. The U.S. claims no prior knowledge of the attack, which Hezbollah blames on Israel. The incident has heightened tensions in the ongoing conflict between Israel and Hezbollah, impacting markets such as the United States Oil Fund (USO), which saw a price increase.

Portfolio Pulse from Anthony Noto

September 17, 2024 | 8:30 pm

Bitcoin sees an increase in value, oil prices rise due to supply concerns, while Novo Nordisk's stock falls following pricing comments from an executive and criticism from Senator Sanders.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 8:01 pm

The U.S. government plans to purchase 6 million barrels of oil to replenish its emergency reserves, capitalizing on current low oil prices.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 7:00 pm

Oil prices are rising due to supply uncertainties from Gulf of Mexico disruptions and Middle East tensions. Investors are also anticipating potential Fed rate cuts, which could boost demand.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 5:07 pm

The article discusses a statement from Lebanon's Hezbollah, warning that Israel will receive 'its fair punishment'. This geopolitical tension could impact markets, particularly those related to Israel and the broader Middle East region.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 4:03 pm

Simultaneous explosions of encrypted communication devices across Lebanon have left over 1,000 Hezbollah militants wounded, marking a significant blow to the group. Despite escalating tensions, financial markets, including oil prices and currency markets, have shown limited reaction.

Portfolio Pulse from Piero Cingari

September 17, 2024 | 3:56 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.