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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Oil prices are rising as investors assess China's stimulus efforts and ongoing tensions in the Middle East.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 2:22 pm

U.S. markets closed mixed with the Dow and S&P 500 declining, ending a six-week winning streak. Nvidia boosted the Nasdaq, while Tesla and other tech stocks slipped. Boeing surged on potential strike resolution, and Spirit Airlines soared after extending its debt refinancing deadline.

Portfolio Pulse from Akanksha Bakshi

October 22, 2024 | 11:29 am

U.S. Secretary of State Antony Blinken is visiting the Middle East to address the Israel-Gaza conflict and tensions with Hezbollah. Israeli forces uncovered an Iranian spy ring, and Israeli airstrikes targeted Hezbollah-linked financial institutions. Oil prices and Israeli stocks have risen amid these developments.

Portfolio Pulse from Piero Cingari

October 21, 2024 | 8:35 pm

U.S. markets closed higher with record highs in major indexes, driven by strong Netflix earnings and tech stock gains. Key tech stocks like Apple and Nvidia contributed to the rally. U.S. housing stats showed a decline, while most S&P 500 sectors closed positively. In Asia, Japan and Australia saw gains, while India and Hong Kong declined. European markets opened lower. Commodities like crude oil and gold rose, while U.S. futures indicated a slight decline. The U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

October 21, 2024 | 10:32 am

The U.S. Baker Hughes Oil Rig Count increased by 1, reaching a total of 482 rigs, compared to 481 previously.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:06 pm

The U.S. Baker Hughes total rig count has decreased slightly to 585 from 586. This minor change in rig count could have implications for energy-related ETFs and companies.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 5:05 pm

The article discusses the economic outlook and stock market trends, highlighting American Express CEO's 'no landing' comment on the U.S. economy, and the potential breakout of Nvidia stock. It also covers housing starts, China's GDP, and money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

October 18, 2024 | 4:43 pm

The death of Yahya Sinwar, a Hamas leader, marks a significant turning point in the Gaza conflict, according to Israeli Prime Minister Netanyahu. This event has impacted financial markets, with Israeli stocks rising and oil prices declining. The United States Oil Fund (USO) dropped 1.5%, while the VanEck Israel ETF (ISRA) rose 0.5%.

Portfolio Pulse from Piero Cingari

October 18, 2024 | 3:38 pm

Russian President Vladimir Putin has dismissed reports of a possible nuclear weapon in Ukraine as a provocation, stating that Russia will not allow Ukraine to obtain nuclear weapons. He emphasized the difficulty of concealing nuclear weapons in Ukraine.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 2:14 pm

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