United States Oil Fund
NYSE ARCA: USO
$69.75
-$1.54 (-2.2%)
Closing Price on November 15, 2024
USO Articles
Baker Hughes, Inc. (NYSE: BHI) has released its weekly rig counts, and the results are not as strong as you would expect considering $80 oil is here. We have watched the Oil Services HOLDRs (NYSE:...
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The Department of Energy’s weekly energy inventories data is giving another mixed picture similar to last week. The difference is that this was more in-line with expectations that what we saw...
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As usual, the weekly energy inventories data is giving a picture that can be construed as bullish or bearish for the price of oil and gas, yet there is a wrench in the machine from refineries that...
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Now that Gold has busted $1,000.00 and headed up almost every day since, the next target commodity is oil and the question is if black gold can mirror the performance of yellow gold. One of our...
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Maybe higher oil prices keep begetting higher rig counts. Baker Hughes, Inc. (NYSE: BHI) has released its weekly rig counts and there are gains in all three measures. We have been watching the...
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The Department of Energy gave some critical data in its weekly oil inventories. Frankly, you can make a bullish case here and a bearish case as well. The drop in crude oil came to -978,000...
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The US Department of Energy’s Energy Information Administration has released its weekly status report on crude oil inventories, and once again they are higher, this time by 2.8 million barrels....
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The weekly data on oil inventories from the Department of Energy is out and we are seeing another bullish yet mixed bag here in the numbers for oil prices. We are also watching the Oil Services...
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Baker Hughes, Inc. (NYSE: BHI) has released its weekly rig counts and the gains we were seeing look as though they may have started to already peter out. Throw that in with an almost $3.00 drop to...
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The Department of Energy just released the weekly inventory data in crude and oil products, and the headline figures are huge on the surface. We have been watching the Oil Services HOLDRs (NYSE:...
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Baker Hughes, Inc. (NYSE: BHI) issued its weekly rig counts and the counts are still going in the right direction overall if you like to see increased drilling activity. This is also showing up in...
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The Department of Energy has just released its weekly inventory data for crude oil, gasoline, distillates, and refining levels. This week was marked by draw-downs but because of the weakness in the...
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Rig Counts Chasing Oil Prices (OIH, USO, OIL) The weekly rig count data from Baker Hughes Inc. (NYSE: BHI) is out, and this last week we are seeing a bump in rig counts across the board. These...
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Last week’s draw-down in crude oil is not being mirrored this week. We just saw the weekly Department of Energy inventories and the reading came to a gain of 128,000 barrels of crude oil to...
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Two months ago it was a carnal sin to suggest that certain exchange-traded funds or notes which track commodities would start trading more like a closed-end fund based upon supply and demand moves in...
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