USO - United States Oil Fund, LP
| Previous Close | 26.60 |
| Open | 26.09 |
| Bid | 25.10 x 1000 |
| Ask | 25.54 x 1200 |
| Day's Range | 25.06 - 26.15 |
| 52 Week Range | 16.88 - 106.56 |
| Volume | 10,614,746 |
| Avg. Volume | 22,051,315 |
| Net Assets | 3.49B |
| NAV | 24.53 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Daily Total Return | -76.01% |
| Beta (5Y Monthly) | 2.50 |
| Expense Ratio (net) | 0.79% |
| Inception Date | 2006-04-10 |
- MarketWatch
Are ETFs safe... for retail investors?
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.
- ETF.com
Not All Energy ETFs Ride Oil’s Rally
Oil prices have staged a rapid comeback, fueling more upside in some energy ETFs than others.
- MarketWatch
ETF giants want better labeling. Not everyone is convinced
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.
- Yahoo Finance Video
Saudi Aramco keeps dividend despite 25% cut in profit
Saudi Aramco's profit fell 25% in its first quarter net profit. Yahoo Finance’s Jared Blikre shares the details.
- Yahoo Finance Video
Energy ETFs to watch after oil snaps 5-day rally
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.
- Yahoo Finance Video
Oil expert: With so many barrels being taken offline, "these are the seeds of a mini boom"
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.
- Yahoo Finance
Stock market news live updates: Stocks fall as concern over virus fallout mounts
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.
- Benzinga
Slump In Crude Oil Continues To Attract Speculative Buying, Says Strategist
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.
- Yahoo Finance Video
A long way to go for U.S. oil producers to recover: Trader
Oil prices rally on Thursday over signs that fuel demand will return. Trafigura Co-Head of Oil Trading Ben Luckock joins Yahoo Finance’s On The Move to discuss the outlook for oil markets.
- Yahoo Finance
Start-up uses satellites to track oil glut and supply chains from space
One company is tracking the oil supply glut amid COVID-19 using satellite images of tankers around the world.
- ETF Database
Commodity ETFs Help Diversify Traditional Portfolio
Investors who are looking for ways to diversify a traditional investment portfolio can turn to alternative assets like commodities and related exchange traded funds.
- Yahoo Finance Video
This Goldman Sachs-backed startup tracks world's oil glut from space
Orbital Insight is measuring shadows from space to trace the world’s oil glut. Orbital Insight Founder & CEO James Crawford joins Yahoo Finance’s Zack Guzman to discuss.
- Kiplinger
How to Invest in Oil Right Now
Regular 25% swings in crude? Negative oil? Here's how to tackle this chaotic period for energy commodities.
- Investing.com
Crude Oil Volatile; WTI Contract Heads Lower
AT 9:45 AM ET (1345 GMT), Crude Oil WTI futures traded 3.6% lower at $12.32 a barrel, while the international benchmark Brent contract rose 0.9% to $23.27. Overnight, the United States Oil Fund (NYSE:USO), an ETF that accounts for a large block of exposure in WTI futures, said it would sell off all its contracts for June delivery, replacing them with longer-term contracts. According to a notice by the company seen by Bloomberg, "this unscheduled roll is being implemented based on the potential for the June 2020 WTI crude oil contract to price at or below zero as well as the steady decline in open interest for the June 2020 contract.”
- Yahoo Finance
Stock market news live updates: S&P 500, Nasdaq close at seven-week highs as investors eye reopening plans
Stocks advanced Monday as investors mulled a patchwork of state plans to slowly roll back social distancing measures. U.S. crude oil prices renewed their slump after four straight sessions of gains.
- Yahoo Finance Video
Oil drops 25%, extending weeks of losses
Director of Energy Futures at Mizuho Bob Yawger joins Yahoo Finance’s Seana Smith to discuss how oil’s latest drop will hurt the markets.
- Yahoo Finance Video
Diamond Offshore files for bankruptcy, U.S. oil prices fall 25%
Diamond Offshore Drilling announced its decision to file for bankruptcy. Yahoo Finance’s Jared Blikre joins the On The Move panel to discuss.
- Insider Monkey
Forward Contracts 101: Why It Is Important to Protect Your Assets
The coronavirus and subsequent volatility have brought havoc to the foreign exchange market but investors can protect themselves through forward contracts.
- Insider Monkey
Time to Consider Herd Immunity For New York City And The Rest Of The Country
Yesterday Governor Cuomo announced one of the worst news I heard all month long. Only 21% of New Yorkers tested positive for COVID-19 antibodies in recently administered semi-random antibody tests. The dumb media was kind of surprised by this news. One Bloomberg article said the following: “…the preliminary results appear to confirm predictions that the […]
ACCESSWIREIMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against United States Oil Fund, LP and Encourages Investors with Losses of $1,000,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / April 24, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of United States Oil Fund, LP ("USO" or "the Company") (NYSEArca:USO) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
- Investopedia
Top Spiking Articles During Oil's Volatile Week
These were the top searched terms and articles on Investopedia this week as readers looked to understand the crash in oil prices and how to trade it.
- Yahoo Finance Video
Trump admin is overlooking "hard cash crunch" facing states: Expert
Moody’s Analytics Head of Monetary Policy Research Ryan Sweet joins Yahoo Finance’s Seana Smith to discuss his outlook on oil and how the economy is faring amid the coronavirus outbreak.
- Yahoo Finance Video
Strategist details which companies to invest in amid coronavirus
Money Map Press Chief Investment Strategist Keith Fitz-Gerald joins Yahoo Finance’s Seana Smith to break down his outlook on the markets amid the coronavirus.
- Yahoo Finance Video
Oil prices on track for third straight weekly loss
Global Energy Economist at Kpler Reid I'Anson joins Yahoo Finance’s Zack Guzman to discuss his outlook on oil prices following a tumultuous week amid the coronavirus pandemic.
- GuruFocus.com
Oil Market: What's Saudi Arabia's Game This Time Around?
In March, Saudi Arabia shocked oil markets by increasing output in the face of collapsing oil demand. Oil market experts have several explanations behind the country's actions. Continue reading...
