|Bid||20.10 x 800|
|Ask||20.14 x 300|
|Day's Range||20.08 - 20.08|
|52 Week Range||13.49 - 21.76|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.75%|
In the week starting July 2, crude oil (USO) prices have fallen marginally. Crude oil prices fell from last week’s close of $74.15 per barrel on June 29 to $74.14 per barrel on July 3, a decrease of 0.01% so far. On July 3, crude oil prices made a 52-week high of $75.27 per barrel.
Crude oil (USO) prices rose from last week’s close of $68.58 per barrel to $70.53 per barrel on June 26—an increase of ~3%. On May 22, crude oil reached a 52-week high of $72.90 per barrel. Unleaded gasoline (UGA) and heating oil (UHN) have increased marginally this week, by ~0.14% and ~0.15%, respectively.
Year-to-date, crude oil (USO) has risen ~8% from $60.42 per barrel to $65.07 per barrel, continuing the upward move it started in June 2017. Since then, crude oil prices have risen ~54%. Unleaded gasoline (UGA) and heating oil (UHN) prices have also risen this year, by ~14% and ~3%, respectively, with unleaded gasoline being the strongest energy commodity so far. Gasoline and heating oil prices affect refining companies.
From June 18–20, crude oil (USO) prices were on the rise, increasing to $65.71 per barrel from last week’s close of $65.06, a 1% rise. On May 22, Crude oil prices hit a 52-week high of $72.90 per barrel but then retreated. Even heating oil (UHN) increased 1.1% from June 18–20. Gasoline (UGA), however, decreased 0.6% in that period.
This week, crude oil (USO) prices had risen more than 1% as of June 13, from last week’s closing price of $65.74 per barrel on June 8 to $66.64 per barrel. On May 22, crude oil prices reached a 52-week high of $72.90 per barrel but have retreated since then.
Michael Cohen is head of energy markets research at Barclays. He is responsible for the firm’s research covering developments in North American energy markets as well as its oil and natural gas forecasts.
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