United States Oil Fund
NYSE ARCA: USO
$74.66
+$0.12 (+0.2%)
Closing Price on November 7, 2024
USO Articles
Goldman Sachs periodically updates its outlook on sectors and the economy with a one to two-year horizon. Yesterday’s upgrade of economic output in 2011 is accompanied by some interesting aspects...
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Calling the markets fast to react has become the understatement of the year. Friday felt like a shift in sentiment was really taking hold with bond yields rising, commodities falling, and stocks...
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Did retail investors catch the top of the market? Many individual investors missed the huge market gains from the lows in early 2009 and now many are playing catch-up. Fresh data from Morningstar...
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Quantitative easing is forcing investors into riskier assets as Ben Bernanke and the FOMC attempt to manufacture some inflation and after the US Dollar weakness. We are seeing big moves in gold and...
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We are continuing to see a mixed picture in oil and byproduct inventory levels in the United States. Some is seasonal, and some may be due to outside demand issues. This morning’s data from the...
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It is no secret that the elections are Tuesday, November 2, and it is no secret that the FOMC under Ben Bernanke will begin the November FOMC starting November 2 and a decision due around 2:15 PM EST...
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Predicting oil prices a month from now is a risky business. Predicting oil prices a year from now is close to madness. Perhaps it is fairer to say that believing a prediction for oil prices a year...
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Now that oil has bested the $82.00 per barrel mark and rallied about 15% in six weeks, investors are trying to figure out what is next. We are tracking the the United States Oil (NYSE: USO) and the...
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The Department of Energy released its weekly Crude Oil and energy inventories this morning. Despite some supply issues being obvious, there has been no help as investors are looking to lower-risk...
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Chart breakouts are happening as the market recovers. Maybe. Monday’s triple digit DJIA gains on the first day of the month followed an extremely strong July. You just have to keep in mind...
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With all of the trouble in drilling in the Gulf of Mexico, we wanted to look at the most recent weekly rig count data just released from Baker Hughes Inc. (NYSE: BHI). We are also watching the Oil...
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24/7 Wall Street keeps a list of America’s biggest companies by market capitalization rates in its own proprietary Real-Time 500. The issue worth consideration here may seem rhetorical, yet it is...
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The Department of Energy released its weekly Crude Oil and energy inventories this morning. Some real surprises were seen considering the time of year we are in and the mess in the Gulf of...
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The weekly Department of Energy inventories data came out this morning. There seems to be good news for those looking for price stability as crude oil inventories went up and capacity rates at the...
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A new forecast from Bank of America Merrill Lynch is lowering the expected 2010 target oil demand growth from 2 million b/d to 1.5 million b/d. The bank also cut its crude oil price forecast by more...
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