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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Israeli official announced that Israel will continue its operation in Rafah and other areas in the Gaza Strip as initially planned, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:02 pm

ARM Holdings PLC - ADR (NASDAQ:ARM) reported Q4 earnings with a significant year-over-year revenue increase but saw a stock price drop due to earnings not meeting the high whisper numbers. The article also discusses broader market trends, including jobless claims, Bank of England's interest rate decisions, and early trade money flows in major tech stocks and ETFs. It highlights the importance of protection bands for investors and mentions The Arora Report's successful AI and market trend predictions.

Portfolio Pulse from The Arora Report

May 09, 2024 | 2:41 pm

Oil prices have increased after a report showed a decrease in crude oil inventories, although the decrease was less than anticipated.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:48 pm

Gasoline inventories increased by 915,000, contrary to the expected draw of 1.18 million. This unexpected rise in inventories could impact market perceptions and pricing strategies in the energy sector.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:30 pm

The EIA reported a weekly distillates stock draw of 560K, which was less than the expected draw of 1M. This indicates a smaller reduction in distillate fuel inventories than anticipated.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:30 pm

Crude oil inventories reported a draw of 1.362 million barrels, slightly below the expected draw of 1.43 million barrels.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:30 pm

Tesla's stock falls due to reports of a DOJ probe. Shopify and Uber experience drops following their earnings reports. Oil prices decline as a result of an increase in crude inventory.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:38 pm

The API reported a weekly crude stock increase of 509K barrels, contrasting with the estimated 1.43M barrel draw.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:40 pm

Israeli forces seized control of the Rafah crossing, escalating tensions with Hamas and complicating ceasefire negotiations. The U.S. has delayed military shipments to Israel, including precision-guided munitions from Boeing Co., as a sign of discontent with Israel's actions. The UN Secretary-General condemned the assault, warning of a humanitarian nightmare. Israeli stocks, including the iShares MSCI Israel ETF, rose, while oil prices remained stable, with the United States Oil Fund seeing a slight increase.

Portfolio Pulse from Piero Cingari

May 07, 2024 | 7:36 pm

Deputy Prime Minister of Russia, Novak, announced that OPEC+ is not discussing an output hike, according to Reuters. This statement could influence global oil supply perceptions and potentially impact oil prices and related assets.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 5:05 pm

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