|Bid||28.84 x 1200|
|Ask||29.10 x 1000|
|Day's Range||28.37 - 29.19|
|52 Week Range||16.88 - 106.56|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-72.11%|
|Beta (5Y Monthly)||2.67|
|Expense Ratio (net)||0.79%|
When the price of oil fell off a cliff in April, it upended some previously sacrosanct financial-market beliefs. “We always say ETFs have democratized investing and have allowed investors to access just about every asset class, and I’ve always thought that’s wonderful,” said Nate Geraci, president of Kansas City-based advisory The ETF Store. Retail investors piled into the biggest and most visible exchange-traded fund that tracks oil price movements even as the price – and the fund’s share values – careened downward.
Rosen Law Firm, a global investor rights law firm, continue to investigate potential securities claims on behalf of shareholders of United States Oil Fund, LP (NYSE: USO) resulting from allegations that USO may have issued materially misleading business information to the investing public.
The Schork Report Editor Stephen Schork joins Yahoo Finance’s Zack Guzman to discuss the latest outlook for oil and gas ahead of the upcoming OPEC+ meeting.
Oil prices jumped on Friday after OPEC+ decided to move up its meeting on extending production cuts. KPMG Global Head of Energy Regina Mayor joins Yahoo Finance’s On The Move panel to assess the state of oil markets.
Glancy Prongay & Murray LLP, a National Class Action Law Firm, Continues Investigation of United States Oil Fund, LP (USO) on Behalf of Investors
The Law Offices of Frank R. Cruz continues its investigation on behalf of United States Oil Fund, LP ("USO" or the "Company") (NASDAQ: USO) investors concerning the Company and its officers’ possible violations of federal securities laws.
NEW YORK, June 01, 2020 -- Rosen Law Firm, a global investor rights law firm, continue to investigate potential securities claims on behalf of shareholders of United States Oil.
Glancy Prongay & Murray LLP, a National Class Action Law Firm, Announces Investigation of United States Oil Fund, LP (USO) on Behalf of Investors
The Law Offices of Frank R. Cruz announces an investigation on behalf of United States Oil Fund, LP ("USO" or the "Company") (NASDAQ: USO) investors concerning the Company and its officers’ possible violations of federal securities laws.
PHILADELPHIA, May 29, 2020 -- Kehoe Law Firm, P.C. is investigating potential securities law violations on behalf of investors of the United States Oil Fund, LP (“USO” or the.
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of United States Oil Fund, LP (USO) on Behalf of Investors
BOSTON, MA / ACCESSWIRE / May 29, 2020 / Today, Bloomberg reported that the "Securities and Exchange Commission and the Commodity Futures Trading Commission have both opened probes" into United ...
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of United States Oil Fund, LP (NYSE: USO) resulting from allegations that USO may have issued materially misleading business information to the investing public.
ETFs have been the unlikely champion of the coronavirus market—they’ve allowed investors to better understand bond pricing, and enabled the Federal Reserve’s corporate and high-yield bond-buying. The future of ETFs lies in fixed income and sustainable investing, according to BlackRock’s Salim Ramji. What’s next for iShares.
Oil prices were higher Tuesday after another strong rally in crude oil that was triggered by increased demand.On Tuesday, Brent crude futures were up 1.27% at $36.03 per barrel at the time of writing. In April, the world's major producers, including Saudi Arabia and Russia, agreed to reduce their output by nearly 10 million bpd for May and June.Speculators maintained strong buying interest in energy and metals at the expense of the agriculture sector, Saxo Bank said in the Commitments of Traders report on positions held and changes made by money managers in the week of May 19. "Top three buys were WTI crude oil, natural gas and gold, while selling was topped by corn, soybeans and wheat," Ole Hansen, head of commodity strategy at Saxo Bank, said in a note.The analyst says another strong rally in crude oil saw the combined net-long in WTI and Brent rise by 26,000 lots to 507,000 lots, a 16-week high."Seven consecutive weeks of buying has resulted in bullish WTI bets rising almost three-fold to 348,000, a 20-month high, while Brent buyers have only added 102,000 lots to 158,000. While not yet overly stretched, the amount of buying has left the market exposed should the technical and/or fundamental outlook turn less friendly," Hansen says. Interest in Brent Muted The analyst says buying interest in Brent has been much more muted."Following a four-week rally WTI crude oil has temporarily been boxed in between resistance at $35.20/bbl, the April high and support at $30.75/bbl, the uptrend from the lows," adds Hansen.Related Links:USO Tanks After Oil ETF's Temporary Trading HaltOil Prices Rebound, Analyst Says Market Faces Tsunami Of SurplusSee more from Benzinga * Oil Analyst Expects US, Canada To Help Balance Market, Dampen Prices * Slump In Crude Oil Continues To Attract Speculative Buying, Says Strategist * Oil Price Surge Driven Partly By Positive Coronavirus Vaccine News, Says Strategist(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The U.S. Oil Fund said in a filing to the Securities and Exchange Commission that it may be limited in its ability to buy oil futures and may be required to invest in other permitted investments including other oil-related interests and may hold larger amounts of Treasuries, cash and cash equivalents. "Significant market volatility has occurred and is continuing in the crude oil markets and the oil futures markets. Such volatility is attributable to the COVID-19 pandemic, disputes among oil-producing countries over the potential limits on the production of crude oil, a corresponding collapse in demand for crude oil and a lack of on-land storage for crude oil. These conditions have severely limited USO's ability to have a substantial portion of its assets invested in the Benchmark Oil Futures Contract and certain other Oil Futures Contracts of the same month, such as cash-settled, but substantially similar, oil futures contracts traded on ICE Futures," the fund said.
One day after large asset managers like BlackRock, State Street, and Invesco unveiled a proposal to more precisely label exchange-traded funds, some industry participants pushed back, calling the idea welcome in general, but misguided in practice.
WTI crude is tumbling, snapping a five-day rally. Yahoo Finance’s Seana Smith and ETF.com managing editor Cinthia Murphy discuss what ETFs to watch in the energy sector amid the coronavirus pandemic.
Canary LLC CEO Dan Eberhart joins Yahoo Finance’s Zack Guzman to discuss how the coronavirus is impacting the energy sector, as WTI crude tumbles amid storage capacity concerns.
The S&P 500 turned slightly positive Monday as big tech and energy shares rose. The advances helped offset earlier declines spurred as mounting concerns that companies would see lasting damage in the aftermath of the coronavirus pandemic spooked market participants.
The April slump in crude oil is continuing to attract speculative buying in May, and the outlook remains bleak with the market having a long way to go before balancing out, analysts say. The risk of storage running out is being offset by the focus on falling production and the expected pick-up in demand, Ole Hansen, head of commodity strategy at Saxo Bank. On Monday, WTI crude oil was trading 4.95% higher at $20.73 at the time of publication. Crude Oil Market Outlook The recent crash in oil demand brought prices below zero in April as storage for the commodity ran out, but this issue is a short-term one. One analyst says the market may be on a path towards balancing but it's not there yet, with surplus still running high."Optimism spread in the crude oil market in the second part of last week, but this morning (4 May) it is back to the grey reality of things," Bjarne Schieldrop, chief commodities analyst at SEB, says in a note.The global economy is "utterly depressed," and the global oil market is still running a surplus even after cuts from OPEC+ kicked in Friday, the analyst says. "The situation is improving with demand ticking a little higher and supply declining along with active cuts and attrition. However, supply is only down by around 9-12m bl/day even including the cuts from OPEC+, and this leaves the market with a huge running surplus. Damage is still being done and the running surplus continues to push inventories higher and spot prices lower for now."The market is on a path toward balancing, but we are not there yet, with the surplus still running high, he says.May 2020 is going to be extremely challenging, and June could be too and this will be fully displayed in the physical spot market and further rises in oil inventories, Schieldrop says. Related Links:USO Tanks After Oil ETF's Temporary Trading HaltOil Prices Rebound, Analyst Says Market Faces Tsunami Of SurplusSee more from Benzinga * Oil Price Surge Driven Partly By Positive Coronavirus Vaccine News, Says Strategist * USO Tanks After Oil ETF's Temporary Trading Halt * Oil Price Turmoil Persists, But Analyst Says Storage Worries Are Short-Term(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.