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 significance of Nvidia (NVDA) in the AI market and its recent stock performance, highlighting a 21% drop from its peak. It also notes the importance of upcoming earnings from Tesla (TSLA), Meta (META), Microsoft (MSFT), and Alphabet (GOOGL/GOOG) for the stock market. Positive early trade money flows are observed in AAPL, AMZN, GOOG, META, NVDA, SPY, and QQQ, with neutral flows in MSFT and negative in TSLA. The article also mentions the buying of Bitcoin and selling of gold and oil in early trades.

Portfolio Pulse from The Arora Report

April 22, 2024 | 4:44 pm

EU foreign ministers have agreed to expand sanctions on Iran, initially targeting drones, to now include missiles and their transfer to proxies, as stated by EU top diplomat Borrell.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 3:04 pm

Oil prices are declining due to reduced concerns about tensions in the Middle East, impacting related ETFs.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:50 pm

The White House has announced its intention to closely monitor the oil and energy markets, emphasizing a desire to prevent any escalation of conflict in the Middle East, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:12 pm

The White House has declined to comment on recent reports concerning Israel and Iran, as per Reuters. This silence comes amidst heightened tensions and speculation over the situation between the two countries.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 6:09 pm

The latest U.S. Baker Hughes report shows an increase in oil rigs by 5 to a total of 511, while gas rigs decreased by 3 to 106. The total rig count now stands at 619, slightly up from 617 previously.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:09 pm

Oil prices have increased due to supply uncertainties following an Israeli strike on Iran, impacting the Middle East's oil supply.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 4:56 pm

U.S. House Minority Leader Jeffries announced that Democrats will provide a majority of their caucus' votes on the aid bills, signaling strong party support for the legislation.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 4:08 pm

Iran's Foreign Minister Amirabdollahian stated that mini drones did not cause any damage or casualties in Isfahan, countering pro-Israeli media's portrayal of the event as a victory. The statement was reported by Reuters, citing state media.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:46 pm

Stock futures dipped on news of an Israeli attack on Iran but were aggressively bought by the momo crowd, indicating net demand. Oil initially rallied but then lost its gains. New York Fed President John Williams hinted at potential rate hikes if needed, contrary to earlier momo guru predictions of rate cuts. Tesla Inc fell below $150 in premarket trading, down significantly year-to-date. Early trade money flows were positive for Meta Platforms Inc and SPDR S&P 500 ETF Trust, neutral for Apple Inc and Microsoft Corp, and negative for Amazon.com Inc, Alphabet Inc, NVIDIA Corp, and Tesla Inc. Gold and oil saw mixed actions from the momo crowd and smart money.

Portfolio Pulse from The Arora Report

April 19, 2024 | 3:23 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.