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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Hamas official Al-Hayya states the group will continue its efforts until Palestinian ambitions are met. He claims the death of Sinwar will strengthen Hamas and warns that Israeli hostages will not be released until aggression on Gaza ceases.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 12:11 pm

Gold reached a record high of over $2,700 amid U.S. election uncertainties, while the Dow hit a record high due to strong retail sales and Taiwan Semiconductor's positive earnings forecast. U.S. markets closed mixed, with the S&P 500 and Nasdaq nearly flat. Asian and European markets mostly rose, supported by positive economic data.

Portfolio Pulse from Akanksha Bakshi

October 18, 2024 | 10:32 am

The Israeli military, with U.S. intelligence support, confirmed the death of Yahya Sinwar, a top Hamas leader, marking a significant development in the ongoing conflict. Defense ETFs showed mixed performance, with ITA and PPA rising, while XAR declined. Oil ETFs also had mixed results.

Portfolio Pulse from Anthony Noto

October 17, 2024 | 7:18 pm

The U.S. State Department is pushing for a Gaza ceasefire proposal, seeing a new opportunity following the death of Sinwar. Ceasefire talks had stalled, but there's hope for a new approach from Hamas' next leader.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 6:58 pm

U.S. Vice President Harris announced the death of Hamas leader Sinwar, emphasizing justice and the need for hostage release. She highlighted the opportunity to end the Gaza war and supported Israel's right to self-defense amid Middle East instability.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 6:17 pm

The article discusses the breakout of Taiwan Semiconductor Manufacturing Co. (TSM) after reporting better-than-expected earnings, highlighting its leverage to AI and its role in manufacturing chips for Nvidia (NVDA) and Apple (AAPL). It also covers the impact of strong retail sales and jobless claims data on the economy, suggesting that the Fed's recent rate cut may have been excessive. Additionally, it mentions the negative earnings report from Elevance Health (ELV) and the positive money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

October 17, 2024 | 3:49 pm

The Israel Defense Forces are investigating whether Yahya Sinwar, a key Hamas leader, was killed in a recent Gaza operation. This could have significant political implications, especially for the Biden administration. Financial markets, including oil prices and Israeli stocks, remained stable.

Portfolio Pulse from Piero Cingari

October 17, 2024 | 3:39 pm

The EIA reported a larger-than-expected draw in distillate stocks, with a draw of 3.534 million barrels compared to the estimated 2.500 million barrels. This is also larger than the prior draw of 3.124 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 3:00 pm

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