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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Saudi Arabia is planning a multi-billion dollar share sale of Saudi Aramco as soon as June, which could raise $10 billion according to sources.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:12 pm

U.S. CentCom reported that Yemen's Houthis launched two anti-ship ballistic missiles into the Red Sea on May 23. No injuries or damage were reported by U.S., coalition, or commercial ships.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 2:34 pm

Israeli minister Benny Gantz spoke with U.S. Secretary of State Blinken regarding the ICJ ruling on Rafah, as reported by Axios' Barak Ravid.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 2:23 pm

Israel's Finance Minister Smotrich has responded to a World Court ruling, stating that demanding Israel to stop the war is equivalent to asking it to cease to exist. He emphasized that Israel will not agree to such demands.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:54 pm

The World Court has ordered Israel to stop military operations in Rafah, ensure access to Gaza for investigators, open the Rafah border for humanitarian aid, and report progress within a month. The court declared the humanitarian situation in Rafah as 'disastrous' and noted that current measures are insufficient.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:34 pm

The World Court has ordered Israel to ensure access to the Gaza Strip for investigators. This decision could have geopolitical implications and may affect market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 1:32 pm

Nvidia reported strong Q1 earnings, surpassing consensus estimates and aligning with whisper numbers. The company announced a 10-for-1 stock split and highlighted future revenue from AI factories and sovereigns. Other AI-related stocks also saw positive movement. The Arora Report raised its long-term target for Nvidia and issued a new Buy Now rating.

Portfolio Pulse from The Arora Report

May 23, 2024 | 4:26 pm

The USA reported a natural gas storage build of 78 billion cubic feet, which is lower than the estimated build of 84 billion cubic feet but higher than the prior build of 70 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 2:31 pm

U.S. stock markets closed lower due to disappointing inflation data and prolonged disinflation expectations. U.S. existing home sales declined by 1.9% in April. The Fed minutes revealed concerns about persistent inflation and potential further policy tightening. Most S&P 500 sectors fell, with utilities, energy, and materials suffering the most. In Asia, Japan's Nikkei 225 gained, while Australia's S&P/ASX 200 and China's Shanghai Composite fell. European markets saw modest gains. Commodities saw mixed movements, with gold retreating from record highs.

Portfolio Pulse from Akanksha Bakshi

May 23, 2024 | 10:33 am

The S&P 500 fell following the release of cautious Federal Reserve minutes. Goldman Sachs CEO David Solomon stated that he does not expect any rate cuts this year. Additionally, US crude inventories have risen.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:36 pm

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