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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JP Morgan reported better-than-expected earnings but with a guidance slightly less than expected, leading to a temporary break in its rising trendline. Citigroup and Wells Fargo also reported earnings, with Citigroup's restructuring showing positive signs. Intel and AMD face challenges in China as telecom carriers are instructed to stop using their chips. Early trade money flows are neutral for Amazon, negative for Apple, Alphabet, Meta, Microsoft, NVIDIA, Tesla, SPDR S&P 500 ETF, and Invesco QQQ Trust. Gold and oil futures rose on reports of a potential Iranian attack, affecting related ETFs like SPDR Gold Trust and United States Oil ETF.

Portfolio Pulse from The Arora Report

April 12, 2024 | 3:01 pm

Israel has developed a response plan in anticipation of a potential Iranian attack, as reported by i24NEWS. The situation escalates tensions in the region, potentially affecting global markets and specific sectors such as energy and defense.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:38 pm

The U.S. has issued sanctions targeting a Hamas spokesperson and officials of its drone unit. These measures are part of efforts to curb the activities of Hamas by restricting their access to resources. The sanctions could have implications for global markets and specific sectors, potentially affecting investor sentiment towards assets related to defense, security, and the geopolitical landscape.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:35 pm

Oil prices are on the rise due to increasing tensions between Israel and Iran, leading to concerns over potential supply disruptions.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:25 pm

The White House has stated that it would be imprudent for the U.S. not to reassess its own force posture in light of threats from Iran. This suggests a potential shift or intensification in U.S. military readiness or positioning in response to perceived threats.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:16 pm

The White House has announced that it still considers the potential threat posed by Iran to be real and credible, according to Reuters. This statement may influence market sentiment and impact related US-listed assets.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:12 pm

The White House has declined to comment on reports suggesting an imminent attack by Iran on Israel, labeling it a viable threat. Officials stated they are monitoring the situation very closely.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:12 pm

Russian oil and products are currently stranded on four tankers due to new Iran-related sanctions, according to Reuters citing LSEG data. This development could impact the global oil supply chain and market dynamics, potentially affecting related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:58 pm

The India Foreign Ministry has issued an advisory against travel to Iran and Israel for Indians until further notice, as reported by Reuters citing an official statement.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 12:07 pm

On Thursday, U.S. stock markets ended mostly higher, with the Nasdaq and S&P 500 seeing gains, driven by tech momentum stocks amid cooling inflation signs. U.S. producer prices and initial jobless claims both came in below expectations. Despite a drop in stocks on Wednesday due to higher-than-expected CPI data, technology stocks led gains in the S&P 500. The Dow Jones slightly declined. Asian markets were mixed, with Japan's Nikkei 225 gaining, while markets in Australia, India, China, and Hong Kong fell. European markets and commodities, including gold, silver, and crude oil, traded higher.

Portfolio Pulse from Akanksha Bakshi

April 12, 2024 | 11:03 am

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