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 article discusses the breakout of metals such as silver, gold, and copper, and highlights the performance of various ETFs and stocks. It also mentions the shift in market sentiment as Wall Street's last bear changes his outlook. Additionally, it provides insights into money flows in major tech stocks and ETFs, and offers investment advice on protection bands and bond allocations.

Portfolio Pulse from The Arora Report

May 20, 2024 | 3:00 pm

On May 17th, U.S. stock markets closed mixed with the Dow Jones surpassing 40,000 for the first time. Reddit rose 10% after partnering with OpenAI, while GameStop fell nearly 20% due to a mixed-shelf offering and lower sales expectations. Global markets, including Asia and Europe, saw gains driven by expectations of U.S. rate cuts and rising commodity prices.

Portfolio Pulse from Akanksha Bakshi

May 20, 2024 | 10:36 am

Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian are feared dead following a helicopter crash in northern Iran. The crash occurred while Raisi was returning from a ceremony to inaugurate a dam. Search and rescue operations are ongoing, hampered by inclement weather. The incident has significant geopolitical implications.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 4:04 am

The U.S. Department of Energy has announced the purchase of 3.3 million barrels of oil for the Strategic Petroleum Reserve.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 7:07 pm

The article discusses the 'picks and shovels' strategy for investing in artificial intelligence, highlighting Applied Materials (AMAT) as an example. It also covers early trade money flows in major tech stocks and ETFs, and provides insights on gold, oil, and Bitcoin. Additionally, it offers advice on protection bands and the traditional 60/40 portfolio.

Portfolio Pulse from The Arora Report

May 17, 2024 | 2:51 pm

Walmart's recent earnings report shows it is attracting wealthier consumers, leading to a breakout in its stock price. This breakout is seen as a potential indicator for the broader stock market. Initial jobless claims and housing starts data indicate mixed economic signals. Money flows are positive for NVIDIA, neutral for several tech giants, and negative for Meta. The momo crowd is active in buying gold, oil, and Bitcoin, while smart money remains inactive.

Portfolio Pulse from The Arora Report

May 16, 2024 | 3:34 pm

The leader of Yemen's Houthis has declared that any ship heading to Israeli ports will be targeted, extending their operations beyond the Red Sea region.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:55 pm

Oil prices are trading higher due to a larger-than-expected draw in US crude inventories.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 7:04 pm

The article discusses the impact of cooler-than-expected CPI data on the stock market, highlighting a breakout in the SPDR S&P 500 ETF Trust (SPY) and a new high in copper prices due to a short squeeze. It also mentions positive money flows in major tech stocks and ETFs, and provides insights on retail sales, gold, oil, and Bitcoin. The article advises investors on maintaining a protection band and adjusting their portfolios accordingly.

Portfolio Pulse from The Arora Report

May 15, 2024 | 4:16 pm

The EIA reported a draw of 0.045 million barrels in weekly distillate stocks, contrary to the expected build of 0.770 million barrels. This follows a prior build of 0.560 million barrels.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 2:30 pm

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