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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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A senior official from Hamas has stated that the organization has not suspended or withdrawn from negotiations, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 6:11 pm

The latest U.S. Baker Hughes Oil Rig Count shows a decrease of 3 rigs to a total of 496, while the Gas Rig Count increased by 1 to a total of 103. This mixed change in rig counts could have implications for energy sector investments and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:02 pm

The Biden administration's upcoming report will not conclude that Israel violated U.S. weapons agreement terms despite being critical of Israel's actions in Gaza. This decision follows seven months of conflict in Gaza, resulting in nearly 35,000 Palestinian casualties. The report, prompted by a presidential directive, assesses Israel's use of U.S.-provided military aid amidst pressure from congressional Democrats.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 4:27 pm

The Gaza Health Ministry reported that Israel's military offensive on Gaza since October 7 has resulted in 34,943 Palestinians killed and 78,572 injured, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 4:17 pm

Hamas has announced that Israel's rejection of mediators' proposal has reset progress in their negotiations, potentially impacting geopolitical stability in the region.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 4:12 pm

The article discusses aggressive stock buying amid rising layoffs and a revenue increase at TSMC. It highlights the SPDR S&P 500 ETF Trust's (SPY) performance, jobless claims, TSMC's booming sales, and the impact on AI stocks like NVIDIA (NVDA), AMD, Micron Technology (MU), and Applied Materials (AMAT). It also mentions China's market attractiveness, represented by the iShares China Large-Cap ETF (FXI), and the positive early trade money flows in major tech stocks and ETFs like QQQ, with a note on gold, oil, and Bitcoin movements.

Portfolio Pulse from The Arora Report

May 10, 2024 | 3:50 pm

Oil prices have increased following a report that China's crude imports rose in April.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 7:46 pm

John Kirby, NSC Coordinator for Strategic Communication, stated the U.S. believes there are more effective methods than a major ground operation to target the remnants of Hamas in Gaza, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:20 pm

Negotiations for a hostage deal between Israel and Hamas have been paused due to ongoing fighting in Rafah. Despite the pause, Hamas remains open to negotiations, but has stepped back due to Israel's military operations. U.S. personnel in Doha continue to monitor the situation and maintain contact with all parties involved.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:06 pm

NSC Coordinator John Kirby stated the U.S. continues to support Israel, ensuring the country receives the vast majority of its needed weapons. This reaffirms the strong U.S.-Israel alliance and ongoing military support.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:03 pm

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