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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The EIA reported a build of 1.534 million barrels in distillate stocks, compared to a previous draw of 2.753 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:30 pm

USA crude oil inventories saw a draw of 3.436 million barrels, significantly higher than the estimated draw of 1.600 million barrels and slightly lower than the prior draw of 3.741 million barrels.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:30 pm

Hamas Senior Official Al-Hayya stated that Hamas and Iran do not seek a regional war, but emphasized that a crime should be punished.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:27 pm

Hamas Senior Official Al-Hayya stated that all options with Israel have failed, leaving no other option but resistance.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:19 pm

Global markets showed mixed results with U.S. indices closing mixed, Asian markets rising, and European markets opening higher. Crude oil prices advanced by 2.6% due to geopolitical tensions. Key U.S. stocks like Microsoft and Nvidia saw declines due to earnings and growth concerns.

Portfolio Pulse from Akanksha Bakshi

July 31, 2024 | 10:42 am

Tensions in Venezuela rise as opposition disputes election results, impacting oil ETFs. Major oil companies and ETFs saw gains, except for the United States Oil Fund (USO), which traded lower.

Portfolio Pulse from Anthony Noto

July 30, 2024 | 8:58 pm

The American Petroleum Institute (API) reported a significant draw of 4.495 million barrels in crude oil stock. This news is likely to impact oil-related assets.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:39 pm

Israeli Public Broadcaster Kan reports that a senior Hezbollah commander was killed in a strike. This event could have geopolitical implications, potentially affecting market sentiment and certain ETFs.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:33 pm

Oil prices are trading lower due to concerns over demand from China.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 7:18 pm

A top Hezbollah commander targeted in an Israeli strike on Beirut suburbs has survived, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 6:06 pm

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