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 latest report on USA crude oil inventories shows a draw of 2.191 million barrels, contrary to the expected build of 1.800 million barrels and the previous build of 5.810 million barrels. This unexpected draw could impact oil-related assets.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 3:00 pm

U.S. markets closed higher with the Dow Jones hitting a record high, driven by strong earnings from Morgan Stanley. Most sectors on the S&P 500 ended higher, with utilities, financials, and real estate stocks leading the gains. Crude oil prices remained steady amid Middle East developments.

Portfolio Pulse from Akanksha Bakshi

October 17, 2024 | 10:25 am

The American Petroleum Institute (API) reported a crude oil stock draw of 1.58 million barrels, contrary to the expected build of 3.2 million barrels. This unexpected draw could influence oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:39 pm

The article discusses the impact of Nvidia's stock movements on the broader market, highlighting its recent pullback due to technical resistance and ASML's earnings disappointment. It also touches on the financial sector's strong earnings and the importance of diversification. Additionally, it mentions the influence of UK inflation data and the excitement around Bitcoin's potential breakout.

Portfolio Pulse from The Arora Report

October 16, 2024 | 7:58 pm

Key lawmakers are advocating for measures to prevent Huawei vendors from accessing US chip-making equipment. This move could impact companies involved in the semiconductor supply chain.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 6:24 pm

U.S. markets closed lower with the Nasdaq dropping 1% due to falling chip stocks like Nvidia and ASML. The energy sector also declined as oil prices slid. Financials outperformed while healthcare disappointed. The NY Empire State Manufacturing Index dropped significantly. Most S&P 500 sectors closed lower, with technology, energy, and healthcare leading losses.

Portfolio Pulse from Akanksha Bakshi

October 16, 2024 | 10:45 am

Google has signed an agreement for nuclear power in AI data centers, impacting stocks like Alphabet and nuclear companies. Israeli restraint on Iran affects gold, oil, and stocks. Earnings reports from major companies like Bank of America and Goldman Sachs show better-than-expected results, while Johnson & Johnson and UnitedHealth Group face challenges.

Portfolio Pulse from The Arora Report

October 15, 2024 | 4:21 pm

Oil prices plunged over 5% as Israel assured the U.S. it would not target Iranian oil facilities, easing Middle East tensions. This led to a drop in energy stocks and a rally in airlines and cruise lines due to lower fuel costs.

Portfolio Pulse from Piero Cingari

October 15, 2024 | 2:50 pm

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