14.67 0.00 (0.00%)
After hours: 7:59PM EDT
|Bid||0.00 x 2900|
|Ask||0.00 x 3000|
|Day's Range||14.47 - 14.67|
|52 Week Range||8.65 - 14.67|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.31%|
For the week ended May 18, crude oil (USO) rose from $70.70 per barrel to $71.37 per barrel, an increase of ~1%. The price rose during the first three days of the week and then on Thursday hit a 52-week high of $72.30 per barrel. But it couldn’t sustain that level and closed unchanged for the day. On Friday, the price fell marginally.
On May 11–18, the ETFs that follow US crude oil futures had the following performances: The United States Oil ETF (USO) rose 1.3%. The United States 12 Month Oil ETF (USL) rose 0.8%. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 2.5%.
The S&P 500 fell ~0.3% to 2,712.97 on May 18 due to the decline in financial and energy stocks. Five out of the ten key sectors in the S&P 500 dropped on May 18.
The Trump Administration basically said it was going to suspend its pending trade war with China as a deal gets worked out. Further, they believe that part of that deal will include China buying more energy and agriculture products from the U.S. No further numbers were thrown around after a $200 billion deficit reduction was suggested late last week. This is good news, even if the early indications are only that agriculture and energy (USO) will be the big beneficiaries, it could suggest what we have been hoping for: a de-escalation of tariff and trade-war risks. ...
If you’re familiar with or invest in exchange-traded funds, it’s likely you’ve heard of derivatives ETFs, a category of ETFs that use derivative instruments such as futures and forward contracts, swaps, options and even the use of debt to bet on the price movement of specific underlying assets. If you’re not familiar with derivatives ETFs, this article provides a theoretical situation to help explain the three types of derivatives ETFs you should know. Let’s say you have a portfolio that consists of just two ETFs, the first being the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which tracks the S&P 500 and the second being the iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF), which tracks the ICE U.S. Treasury 7-10 Year Bond Index, a collection of U.S. Treasury Bills with maturities between 7-10 years.
It wasn't nationalization or a redistribution of wealth that produced Venezuela's ongoing national nightmare, but poor decision making and egregious financial mismanagement.
Crude oil ETFs have enjoyed a stellar year so far, with oil prices touching $80 per barrel for the first time since 2014, and rising Asian demand for raw materials could help sustain the energy market. ...
May 14, 2018 Market risk remains elevated up here as U.S. interest rate increases put further pressure on all other asset prices. While equity markets moved higher last week providing some calm in the world, Emerging Market currencies remained highly ...
Get ready for another surge in crude oil prices. The cost of a barrel of crude oil is now at its highest level since 2014, but there will likely be another jump in the coming weeks. Primary among the reasons is that despite all the screeching, European companies will not be likely to get a waiver from soon-to-be-imposed U.S. sanctions on Iran. Earlier this month the Trump administration refused to recertify the so-called nuclear deal with Iran.
This week, crude oil (USO) prices increased ~2.6% from last week’s close of $70.70 per barrel to $71.49 per barrel by Thursday. Unleaded gasoline (UGA) and heating oil prices are up ~2.5% and ~2.7% so far this week.
For the week starting on May 14, crude oil (USO) prices increased ~1.1% or from last week’s close of $70.70 per barrel to $71.49 per barrel by Wednesday. Unleaded gasoline (UGA) and heating oil prices have risen ~2.8% and ~2.1% this week.
The S&P 500 fell ~0.1% to 2,720.13 on May 17. The rising US ten-year Treasury yield and escalating trade tensions pressured the S&P 500. Five out of the ten key sectors in the S&P 500 declined on May 17. The SPDR S&P 500 ETF (SPY) fell ~0.1% to $272 on May 17. SPY seeks to follow the S&P 500 Index’s performance.
The economic and political crisis that has gripped Venezuela has played a big part in the rise of oil prices to recent highs and there's no sign of relief on the way.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
The S&P 500 rose ~0.4% to 2,722.46 on May 16 partly due to a rise in the materials sector. The small-cap US companies Russell 2000 Index hit a record high of 1,616.4 on May 16. Eight out of ten key sectors in the S&P 500 advanced on May 16.
The BofA Merrill Lynch global fund manager survey is a monthly survey conducted by Bank of America Merrill Lynch (or BofAML) that collects responses from approximately 200 institutional, mutual, and hedge fund managers around the world. The survey collects the views of global managers on equity markets (SPY), the most crowded trades for that month, and what managers consider to be risks to the global markets (VOO).
Iran's economy is already a mess, but it will likely get a lot worse. Iranian President Hassan Rouhani. The matter at hand is the decision earlier this month by the Trump administration not to certify the so-called nuclear deal, and that means Iran will soon be subject to harsh U.S. sanctions. Take, for instance, the inflation rate.
Futures Down, Wal-Mart Earnings On Tap Stock futures are back down again today after a respectable rebound yesterday. The S&P 500 would have to go above 2,742 to confirm a higher high, and above 2,730 to confirm a higher closing high. Nasdaq futures are down farther, about 0.4%, nearly erasing gains of 0.6% from yesterday. […] The post Market Morning Roundup: Intel Goes Self Drive, Japan Threatens Tariffs, Oil Nears $80 appeared first on Market Exclusive.
Could the Recent Pullback in Gold Be a Buying Opportunity? March retail sales growth was revised higher to 0.8% from 0.6%. The SPDR S&P Retail ETF (XRT), which tracks a broad-based index of stocks in the US retail industry, rose 0.3% on this news.
In the previous part, we discussed that Goldman Sachs (GS) thinks that the interest rate hike will move at a faster pace in the economy. The rising budget deficit and falling unemployment rate are mainly signaling that the interest rate could move at a faster rate, according to Goldman Sachs. Since the US economy (SPY) is moving at a full employment capacity, many analysts think that the US economy (QQQ) is overheating. Rising inflation, higher backlog orders since 2004, and rising transportation costs are signaling that the US economy is overheating.
The S&P 500 fell ~0.7% to 2,711.45 on May 15 due to the rise in the ten-year US Treasury yield. The ten-year US Treasury yield is at the highest level since July 2011. The ten key sectors in the S&P 500 declined on May 15.
If you're not an oil analyst , the oil market may seem like a lot to keep up with. Most investors follow either West Texas Intermediate or Brent crude prices. Speculation about what would happen to the oil market ensued.
The United States Oil Fund (USO) , which tracks West Texas Intermediate crude oil futures, continues ascending to multi-year highs and is up more than 6% just this month. “The Oil Price Information Service [OPIS] global head of energy analysis blamed fresh geopolitical tensions for his bullish forecast — citing a potential U.S. military response if Iran resumes its nuclear program, Venezuela's oil production nose diving and 'spectacular' global demand,” reports CNBC. More Upside Ahead for Oil? U.S. shale producers are likely to keep pumping at record levels as prices rise to exploit spreads between West Texas Intermediate and Brent prices.
On May 14, Brent crude oil July futures settled $7.27 higher than WTI (West Texas Intermediate) crude oil June futures, the widest Brent-WTI spread since May 4, 2015. On May 7, the Brent-WTI spread was at $5.44. The jump in the Brent-WTI spread came after the United States exited the Iran nuclear deal. The re-imposition of sanctions on Iran could remove the oil supply from the international market, even as US production booms. We discussed US oil production in Part 2.