United States Oil Fund
NYSE ARCA: USO
$74.66
+$0.12 (+0.2%)
Closing Price on November 7, 2024
USO Articles
The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories increased by 1.7 million barrels last week, bringing the total...
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The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories rose by 8.5 million barrels last week, bringing the total...
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The unusual, and yet totally unexplained, drop in the price of oil on Monday has created some serious shake outs in the price and the trends in oil. With NYMEX WTI crude reaching to just over...
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What happens when too many market pundits start to talk about a possibility? Usually, it becomes a market rumor. Active traders (and penny-pinching consumers) have noticed that speculation about the...
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The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories rose by 2 million barrels last week, bringing the total...
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The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories rose by 3.8 million barrels last week, bringing the total...
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Tropical Storm Isaac is set to become a hurricane before making landfall in Louisiana. The storm is not expected to be a major hurricane, but there is a saying that all hurricanes are major if you...
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Jon OggThe Euro is not just back above $1.25 in mid-day trading after the European stock markets have closed for the day… It is approaching $1.26 and the implied market chatter (which we call hope)...
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The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories fell by 5.4 million barrels last week, bringing the total...
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Futures prices for gold, silver, and WTI crude are all lower today as the dollar gains strength against the euro. Oddly enough, the dollar index versus a basket of currencies is down this morning...
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The Department of Energy is out with its weekly oil inventory data showing a surprise build-up of crude products. The DOE showed that crude oil Stocks rose by 2.717 million barrels to 380.1 million...
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We’ve already posted our opinions on the agreement which is expected to create a TARP-style program to prop up Europe’s weak banks. In our view, the proposal is not big enough and it doesn’t...
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The Department of Energy is out with its weekly oil and gasoline inventory data and we saw a slight drop in the crude with a slight gain in gasoline inventories. Weekly DOE crude oil stocks fell by...
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The drop in oil has been nearly monumental since the start of May. The global slowdown is hurting oil far more than the geopolitical risks are helping oil. Crude Oil is down over 4% or $3.29 to...
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Maybe you want to blame the rising dollar or maybe you want to blame continued slow weakness along with a building inventory report. Oil is now within striking distance of the $80 per barrel mark...
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