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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Hezbollah's Secretary-General Nasrallah has announced that the group will respond to the killing of a commander in Beirut.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 2:13 pm

On July 31, U.S. stock markets closed higher with significant gains in the S&P 500 and Nasdaq, driven by a rally in chip stocks and the Federal Reserve's decision to keep interest rates unchanged. U.S. pending home sales rose 4.8% in June, and private businesses added 122,000 jobs in July. In Asia, Japan's Nikkei 225 fell sharply due to a hawkish stance from the BOJ, while Australia's S&P/ASX 200 and India's Nifty 50 saw gains. European markets declined, and commodities like gold and crude oil saw price increases. The U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

August 01, 2024 | 10:52 am

Reuters reported that Iran and its regional proxies met in Tehran to discuss a retaliation strategy against Israel, citing sources.

Portfolio Pulse from charles@benzinga.com

August 01, 2024 | 10:06 am

Reuters reported that no policy change is expected at the upcoming OPEC+ JMMC meeting, according to three sources.

Portfolio Pulse from charles@benzinga.com

August 01, 2024 | 9:12 am

Iran's Supreme Leader Ayatollah Ali Khamenei has reportedly ordered a direct strike on Israel in retaliation for the killing of Hamas leader Ismail Haniyeh. This escalation could lead to increased tensions and potential conflict in the Middle East. The SPDR S&P 500 ETF Trust (SPY), SPDR Gold Shares (GLD), and United States Oil Fund (USO) have seen price movements in response to the news.

Portfolio Pulse from Michael Cohen

July 31, 2024 | 8:19 pm

Oil prices are trading higher due to escalating tensions between Israel and Iran.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:29 pm

Israeli Prime Minister Benjamin Netanyahu announced that Israel has delivered significant blows to Iranian proxies and warned of a heavy price for any aggression. He stated that Israel is prepared for all scenarios and anticipates challenging days ahead.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 5:23 pm

The US State Department has expressed confidence in its ability to communicate with Hamas, according to spokesman Vedant Patel. This development could have implications for geopolitical stability and related markets.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 5:15 pm

The article discusses the recent market dynamics, highlighting the oversold condition of tech stocks, the impact of a potential China loophole, and the Bank of Japan's rate hike. It mentions the earnings reports of several companies and the positive money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

July 31, 2024 | 3:38 pm

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