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United States Oil Fund LP (USO)

NYSEArca - NYSEArca Delayed Price. Currency in USD
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9.97+0.35 (+3.64%)
At close: 3:59PM EDT
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  • M
    MJB
    MJB
    This guy likesmoney cycle trading makes a pretty convincing case that oil has started a new uptrend.
  • L
    Lauren
    Lauren
    The last time USO did something like this it blew up. the other week awesome*sto-cks alerted this company i think. google them .
  • D
    Destiny
    Destiny
    Very difficult to see USO not making a big run north. I started receiving notifications from awe-som_sto-cks the other week and so far they have presented interesting new trade ideas.
  • P
    Phil
    Phil
    Just because this Uso fund is inexpensive does not make it a good investment.as a matter of fact it's a deplorable investment I've been watching it off and on for a long time its range is very narrow and when something is this delicate percentages go through the roof when it goes up but they also precipitously plummet which is! disgusting to the contrary! Stock's blow this #$%$ away it's Republican #$%$ anyway to be very blunt
  • h
    hero
    hero
    Look at gasoline inventory...crude is not so important at this thi of the year.
    Good luck.
    hero
  • T
    T.
    T.
    uso declare bankruptcy chapter 7
  • P
    Phil
    Phil
    How can you invest in something run by Arabs, manipulated on a daily basis, to their financial advantage ! They set the prices have all the leverage, and rip you guys off I don't get it !!!!????
  • F
    Fred
    Fred
    floating shortage is back and oil at sea does NOT count as inventory, they did this back in 2008, when they see the front month prices they bring in the oil from sea to tank front months, rinse and repeat,,, Outdated supertankers are becoming the storage units of choice for commodity traders looking to take maximum advantage of the new oil price crater, according to a new report by Reuters.

    Brokers who spoke to Reuters said roughly 10 very large crude carriers (VLCCs) aged between 16 to 20 years have been employed as excess crude storage since the end of last month. Each unit holds 2 million barrels of oil.

    Thirty other supertankers are parked in Singapore and Malaysia’s Linggi, largely due to a market condition called contango – where oil futures are more expensive than an order for immediate delivery.

    "It makes a lot of sense for a trader to pay $16,000-$19,000 per day to take an older VLCC for 30-90 days to store oil," said a Singapore-based supertanker broker, who chose to remain anonymous.

    Data released by Kpler, an energy data provider, shows that total global floating storage reached 102 million barrels in the past ten days. Speaking with Oilprice today, Kpler’s Francois Cazor said that “Oil floating storage is at its peak for 2017.”
  • F
    Fred
    Fred
    I wonder if the Saudi`s read Russia`s oil company Rosneft financial report that came out August 4th,,, MOSCOW (Reuters) - Russia's largest oil producer Rosneft reported an 11.1 percent year on year rise in second quarter crude oil output on Friday but is sticking to Russia's pledge to curb production.

    Russia and other global producers have agreed to cut output by 1.8 million barrels per day until March 2018, but production levels are higher than they were last year.

    Compared to the first quarter, its average production fell by 1.2 percent to 4.57 million barrels per day, it said, citing "the limitations on Russian oil producers related to the agreements with the OPEC countries".

    Prices also slipped from the first quarter.

    "In the second quarter of 2017, the average crude oil price declined by 9.2 percent in rubles terms, having a considerable negative impact on key financials," Chief Executive Officer Igor Sechin said in a statement.

    Net profit of 68 billion rubles ($1.13 billion) beat the 63 billion expected by analysts but was down from 89 billion a year earlier.

    In tonnes, second quarter oil output slipped to 56.08 million from 56.12 million in the first quarter but was up from 50.49 million a year earlier.

    The year-on-year increase was powered by development of new assets such as Suzun and Messoyakhaneftegaz, as well as production growth at brownfield sites such as RN-Yuganskneftegaz (+2.3 percent) and Samaraneftegaz (+3.2 percent), Rosneft said
  • L
    Leo
    Leo

    Wise Man: One who sees the storm coming before the clouds appear. http://dataunion.tistory.com/11251

    United States Oil Fund NYSE $USO Correlation Histogram
    X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.9 In other words, the correlation coefficient of the other stocks
    dataunion.tistory.com
  • F
    Fred
    Fred

    OPEC News, record amount of oil pumped in July LOL, so Saudi Arabia said they will cut another 550,000 barrels a day in September, but Libya is back online pumping over a million barrels and so is Nigeria, these two countries werent pumping oil but are now, not sure how that will help with more oil on the market, a lot more, and cutting oil production in September when driving season is over will still not help, http://uk.mobile.reuters.com/article/amp/idUKKBN1AO029

    U.S. oil prices slip as some OPEC producers export more
    Oil prices fell on Tuesday, pulling back from recent gains as exports from key OPEC producers rose and despite news of lower crude shipments from Saudi Arabia.
    uk.mobile.reuters.com
  • F
    Fred
    Fred
    Hurricane Franklin just feel to a category 1 and will hit land tonight as a heavy rain storm then die out
  • A
    A
    A
    The only thing this does is go down.
  • F
    Fred
    Fred

    Some news out on the Opec meeting http://www.marketwatch.com/story/oil-prices-tug-lower-on-doubts-opec-meeting-will-deliver-2017-08-08

    Oil prices tug lower on doubts OPEC meeting will deliver
    OPEC officials have said the purpose of the two-day gathering, which wraps Tuesday, is to discuss ways to improve compliance level to the deal, which went into effect in January in hopes of reducing historically high global stockpiles of crude.
    www.marketwatch.com
  • F
    Fred
    Fred
    Here is the API report, also sold my SCO today at 38.66, i still think oil goes back up tomorrow, the draw down in gasoline is high
    The American Petroleum Institute on Tuesday said U.S. crude oil inventories rose 1.8 million barrels last week, according to news reports. The trade group saw a 4.8 million barrel decline in gasoline stocks and a 1.2 million barrel fall in distillate stocks, reports said. More closely watched data from the Energy Information Administration is scheduled for release Wednesday morning. Oil futures remained under pressure in electronic trade following the API figures, with September crude CLU7, -2.75% on the New York Mercantile Exchange trading at $48.77 a barrel, down from a settlement of $49.16 earlier Tuesday.
  • P
    Phil
    Phil
    What happened is that these Republican Prix that love oil so much waiting for you guys to buy it up ! then they ripped the profits out from under your feet this morning that's what happened !
    no laughing out loud am I right?
  • T
    Trading Feed
    Trading Feed

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  • F
    Fred
    Fred
    Here is the API report, congratulation longs, Oil prices topped $48 a barrel late Tuesday after the American Petroleum Institute reported that U.S. crude supplies dropped 10.2 million barrels for the week ended July 21, according to sources. The API data also showed a rise of 1.9 million barrels in gasoline supplies, while inventories of distillates were down 111,000 barrels, sources said. Supply data from the Energy Information Administration will be released Wednesday morning. Analysts polled by S&P Global Platts expect the EIA to report a decline of 2.5 million barrels in crude inventories. September crude CLU7, +1.17% was at $48.46 a barrel in electronic trading, up from the contract’s settlement of $47.89 on the New York Mercantile Exchange.
  • J
    James
    James
    What happened to cause drop
  • T
    T.
    T.
    sell