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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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President Biden is set to discuss a hostage deal and a Gaza ceasefire with the Emir of Qatar on Monday, according to sources cited by Axios.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 3:05 pm

On May 31st, the U.S. stock markets closed mixed with the Dow and S&P 500 ending higher, driven by month-end repositioning. The Federal Reserve's preferred inflation measure remained steady at 2.7% year-on-year in April 2024. Almost all sectors of the S&P 500 finished in the green, led by the energy sector, while the technology sector ended slightly down. Asian and European markets also saw gains, with notable increases in Japan's Nikkei 225 and India's Nifty 50. Commodities showed mixed results, with natural gas gaining significantly.

Portfolio Pulse from Akanksha Bakshi

June 03, 2024 | 11:03 am

OPEC+ has agreed to extend all production curbs into 2025 in an effort to boost oil prices, as reported by The Wall Street Journal.

Portfolio Pulse from Charles Gross

June 02, 2024 | 2:54 pm

President Biden has expressed deep concern over the ongoing conflict, stating that Palestinians have endured significant suffering and that too many civilians have been killed. He emphasized that it is time for the war to end.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:43 pm

President Biden has affirmed that the U.S. will always ensure Israel has the resources needed for its defense. Egypt and Qatar are working to prevent Hamas from resuming military operations against Israel. Biden emphasized the importance of Hamas accepting the deal, despite potential differences that need to be resolved.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:40 pm

President Biden announced a comprehensive approach to enhance Israel's security, including efforts to resolve the Lebanon border issue and integrate Israel more into the region, potentially with Saudi Arabia. This initiative also aims to improve the future of self-determination for the Palestinian people.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:39 pm

President Biden urges Israeli leadership to support a new deal despite internal opposition, warning of potential global isolation if the opportunity is missed.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:38 pm

President Biden announced a multi-phase plan for the Israel-Gaza conflict, including a ceasefire, exchange of hostages, withdrawal of Israeli forces, and a major reconstruction plan for Gaza. The plan is contingent on ongoing negotiations.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:35 pm

President Biden announced that Israel has offered a comprehensive new proposal with three phases aimed at ending hostilities with Hamas. The first phase involves a six-week ceasefire and withdrawal of Israeli forces from populated areas of Gaza, allowing Palestinians to return to their homes. During this period, Israel and Hamas will negotiate to reach a permanent end to hostilities.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:34 pm

The latest Baker Hughes report shows a decrease of 1 in the U.S. oil rig count to 496, an increase of 1 in the U.S. gas rig count, and an unchanged total rig count at 600.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 5:03 pm

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