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

Israeli Prime Minister Netanyahu has indicated a potential for a ceasefire deal in Gaza if the current strategy is maintained. This development could impact geopolitical stability and related financial markets.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 5:04 pm

Goldman Sachs suggests AI could lower oil prices by improving logistics and resource allocation, potentially reducing costs and increasing recoverable resources. This could lead to a $5/bbl fall in oil prices, impacting producers' incomes.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 4:35 pm

OPEC+ members are reportedly considering delaying their planned production increase, according to delegates. This decision could impact oil prices and related markets.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 2:30 pm

Oil prices have recovered following reports that OPEC+ may delay a planned production hike. This development could impact oil-related assets, including the United States Oil Fund (USO), which tracks the price of oil.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 1:30 pm

U.S. stocks experienced a significant decline, with the S&P 500, Nasdaq, and Dow seeing their steepest losses since early August. Nvidia's sharp drop of nearly 10% contributed to the broader market decline. Weaker manufacturing data and uncertainty over Federal Reserve interest rate cuts dampened investor sentiment. Most S&P 500 sectors fell, particularly energy, tech, and communication services, while real estate and consumer staples gained. Asian and European markets also saw declines, and crude oil prices fell below $70.

Portfolio Pulse from Akanksha Bakshi

September 04, 2024 | 11:26 am

Investors are anticipating key labor market data this week, which could influence expectations for Federal Reserve rate cuts. Market probabilities for a 50-basis-point rate cut at the upcoming FOMC meeting have increased. Five ETFs, including TLT, UUP, SPY, IWM, and USO, are highlighted as potentially impacted by the labor data.

Portfolio Pulse from Piero Cingari

September 03, 2024 | 8:51 pm

The White House is actively working on a proposal to secure the release of remaining hostages, provide relief for Gaza, and halt ongoing fighting. This development could have geopolitical implications affecting various sectors.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:29 pm

The article discusses the risks of investing in AI stocks, using Super Micro Computer Inc (SMCI) as an example. SMCI's stock has dropped significantly due to internal control issues and market volatility. The article also highlights the importance of understanding market dynamics and the potential impact of the ISM Manufacturing Index on stock markets.

Portfolio Pulse from The Arora Report

September 03, 2024 | 3:41 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.