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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Oil prices have increased following reports of a strike on the Iranian consulate in Damascus, indicating potential geopolitical tensions that could affect oil supply.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:58 pm

Iranian Foreign Minister Amirabdollahian stated that the Israeli attack on the Iranian consulate in Damascus is a violation of international conventions, holding Israel responsible for the consequences. This statement was reported by Reuters, citing state media.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:56 pm

Iran's Ambassador to Syria has stated that Tehran's response will be harsh, according to Reuters. This statement could potentially escalate tensions in the region, affecting global markets and commodities.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:21 pm

Iran's Tasnim News Agency reported, citing unnamed sources, that an Israeli strike on the Iranian consulate building in Damascus resulted in five fatalities. This incident could escalate tensions in the region.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:37 pm

An Israeli airstrike on Damascus has resulted in the death of Mohammad Reza Zahedi, a leader of the Iranian Revolutionary Guard Corps, according to a security source speaking to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:19 pm

The latest U.S. Baker Hughes report shows a decrease in the oil rig count by 3, while the gas rig count remains unchanged. The total rig count now stands at 621.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:02 pm

The U.S. Defense Department is reportedly in early discussions to fund a peacekeeping force in Gaza, according to Reuters citing Politico. This development could have implications for defense spending and geopolitical stability in the region.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 5:00 pm

Russia's Kuibyshev Oil Refinery has been brought to a standstill following a drone attack last week, as reported by Reuters. This incident could potentially impact global oil supply and market dynamics.

Portfolio Pulse from Charles Gross

March 28, 2024 | 11:48 am

On Wednesday, U.S. stock markets closed higher, with the Dow and S&P 500 seeing significant gains, partly led by Merck (NYSE:MRK) ahead of inflation data and Fed insights. U.S. mortgage applications slightly fell, while crude oil stocks unexpectedly rose. All major S&P sectors gained, with utilities and real estate leading. Global markets showed mixed results, with Japan's Nikkei falling but markets in Australia, India, China, and Europe rising. Commodities saw gold exceeding $2,220, while crude oil and natural gas prices varied.

Portfolio Pulse from Akanksha Bakshi

March 28, 2024 | 11:16 am

The article discusses the significance of Nvidia's (NVDA) stock chart for predicting near-term market direction, highlighting its role in the AI revolution and recent trading patterns indicating uncertainty. It also notes aggressive tech stock selling by insiders like Amazon's Bezos and Meta's Zuckerberg, suggesting insider knowledge of overvaluation. Additionally, it mentions positive early trade money flows in major tech stocks and ETFs, and advises investors on protection strategies amidst various market crosscurrents.

Portfolio Pulse from The Arora Report

March 27, 2024 | 3:45 pm

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