United States Oil Fund
NYSE ARCA: USO
$73.13
-$1.53 (-2.0%)
Closing Price on November 8, 2024
USO Articles
Conventional wisdom has it the the price of gold tracks the price of crude oil. As oil rises, so does gold, and vice-versa. Probably the simplest explanation for the phenomenon is that the price of...
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Oil may have just gotten some wind taken out of its sails after flirting with $50.00 per barrel late yesterday. The DOE just released its weekly inventory data showing another build across the...
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Oil flirted with the $50.00 handle today, which would be close to a 4-month high. This also marked the end of the April contract expiration, so now we roll over to May. April delivery for light...
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Baker Hughes Inc. (NYSE: BHI) just released its weekly rig counts. Despite the fact that oil has recovered handily off its lows, it seems that oil rig operators still are not enthusiastic about...
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For the past few months, the global crude oil benchmark, WTI, has been trading lower than other crude varieties. No longer. On Friday, WTI closed higher than Dated Brent, $45.52 vs. $44.85. The...
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Just about every economist says that the employment rates, ergo the unemployment rate, is a lagging indicator. The same is arguably true for the total number of rigs in oil and gas. Baker Hughes...
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Notwithstanding a solid fourth quarter and an up year, First Solar, Inc. (NASDAQ:FSLR) is off more than 15% in early trading this morning. We noted its strong earnings report yesterday, but warned...
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