USO - United States Oil
| Previous Close | 14.29 |
| Open | 13.93 |
| Bid | 0.00 x 2900 |
| Ask | 0.00 x 3000 |
| Day's Range | 13.65 - 13.93 |
| 52 Week Range | 8.65 - 14.74 |
| Volume | 40,562,447 |
| Avg. Volume | 19,394,664 |
| Net Assets | 1.96B |
| NAV | 13.84 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Return | 14.90% |
| Beta (3y) | 1.90 |
| Expense Ratio (net) | 0.31% |
| Inception Date | 2006-04-10 |
- Forbes•yesterday
Oil Price Charts Show Trend Direction And Support Levels
The price charts for oil tell us that, so far, the direction of trend -- upward -- is essentially intact. The weekly chart gives us a wider, more dramatic view of the progress of oil's bull market which kicked off in February of 2016 and has remained in place, with only occasional dips, since then. Oil weekly, chart. Note that the relative strength indicator above the price chart is signaling a negative divergence from the previous price high to the recent higher high.
Market Realist•2 days agoHow Energy Commodities Are Performing This Week
For the week starting May 21, crude oil (USO) prices have been leading the decline in energy commodities. Crude oil prices decreased from last week’s close of $71.37 per barrel on May 18 to $70.71 per barrel on May 24—a fall of almost 1% so far. Crude oil prices hit a 52-week high of $72.90 per barrel on Tuesday but retreated from higher levels since then.
- ETF Trends•2 days ago
Energy ETFs Plunge as OPEC Looks to Higher Production
Energy stocks and sector-related exchange traded funds plunged Friday as the Organization of Petroleum Exporting Countries and its allies consider raising production in light of the elevated prices. Oil ...
- Market Realist•3 days ago
Is Oil Losing Strength before Memorial Day Weekend?
On May 24, US crude oil July futures fell 1.6% and closed at $70.71 per barrel. On the same date, the United States Oil ETF (USO) fell 1.5%.
- Market Realist•3 days ago
Crude Oil Prices and Energy Stocks Pressure the S&P 500
The S&P 500 fell ~0.2% to 2,727.76 on May 24. The decline in crude oil prices and energy stocks pressured the S&P 500. On May 24, President Trump canceled the summit with North Korea scheduled on June 12, which also pressured the S&P 500. The meeting was canceled due to hostility from North Korea.
- Barrons.com•3 days ago
[$$] Playing the Oil Rally Ahead of a Key OPEC Meeting
Oil prices have rallied this year. But options traders should be careful when maneuvering bets in the sector. Brent crude prices have risen almost 18% in 2018 so far. On Wednesday, they settled at $79.80, ...
- Market Realist•3 days ago
S&P 500 and the Energy Sector Moved in the Opposite Direction
The S&P 500 rose ~0.3% to 2,733.29 on May 23 due to the rise in the utilities and real estate sector. On May 23, the Fed released the minutes for its meeting on May 2. The minutes highlighted that the Fed would increase the US interest rate gradually despite inflation rising at a faster pace. The meeting minutes supported the S&P 500 on May 23. Six out of ten key sectors in the S&P 500 advanced on May 23.
ETF Database•3 days agoETF Scorecard: May 25 Edition
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.
Yahoo Finance•3 days agoRising oil prices won't hurt the economy until they hit $120 a barrel
Oil prices have been on the rise, which is a negative for U.S. consumers but helping the economy overall.
- Market Realist•3 days ago
Why the FOMC Isn’t Confident about Sustained Inflation Growth
The FOMC’s May meeting minutes indicated that some of its members had turned bearish on inflation (TIP). This information played a major role in changing investor’s assessment of the Fed’s plan for future rate hikes. If members feel that inflation can’t sustain above 2%, there’s the chance that they could limit the number of rate hikes going forward.
- Market Realist•4 days ago
How Do FOMC Members View US Economic Growth?
According to the May FOMC meeting minutes, members are of the view that the US economy is continuing to grow at a moderate pace. The trend of improving economic conditions in the inter-meeting period continued at the May meeting, with FOMC members acknowledging strength in the employment market, increased household spending, and improved business investment.
- Harvest Exchange•4 days ago
Oil Stocks Poised to Play Catch-Up After Lagging Run-Up in Crude Prices
Until recently, energy stocks have failed to keep pace with the surging price of crude. Now Lead Energy Analyst Noah Barrett sees potential for well-managed, upstream and midstream companies to benefit from the highest spot prices for Brent and West ...
Market Realist•5 days agoEnergy Sector Pressured the S&P 500 on May 22
The S&P 500 fell ~0.3% to 2,724.44 on May 22 due to the decline in energy stocks. Uncertainty about the outcome of trade negotiations between the US and China also pressured the S&P 500. Six out of the ten key sectors in the S&P 500 dropped on May 22.
- CNBC•5 days ago
Oil prices sink in sudden move after unexpected surge in crude stockpiles
U.S. commercial crude inventories rose by 5.8 million barrels in the last week, compared with analysts' expectations for an decrease of 1.6 million barrels. OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply. Oil prices have gained nearly 20 percent so far this year, with Brent briefly rising above $80.
- CNBC•5 days ago
Oil prices sink in sudden move after unexpected surge in crude stockpiles
Oil prices extended losses on Wednesday after weekly data showed a sharp rise in U.S. crude stockpiles.
Market Realist•5 days agoEnergy Sector and Crude Oil Prices Helped the S&P 500
The S&P 500 rose ~0.7% to 2,733.01 on May 21 due to the rise in industrial stocks and crude oil prices. The index is at the highest level in more than two months. All of the major sectors in the S&P 500 advanced on May 21.
- Market Realist•6 days ago
Brent-WTI Spread Could Impact US Crude Oil Exports
On May 21, Brent crude oil July futures settled $6.87 higher than WTI (West Texas Intermediate) crude oil July futures. On May 14, the Brent-WTI spread was at $7.24. In the last two trading sessions alone, the Brent-WTI spread contracted by $0.86.
- Market Realist•6 days ago
What to Make of the Decline of Consumer Expectations in April
The Conference Board Leading Economic Index (or LEI) has ten constituent indicators, and all but one of these forward-looking indicators is based on expectations. This economic indicator used in the construction of the LEI is based on consumer expectations. This economic indicator is based on two different consumer surveys.
- Market Realist•6 days ago
Is Rally in ConocoPhillips Stock Ready to Take a Breather?
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.
- Market Realist•6 days ago
Did Oil ETFs Outperform US Crude Oil Last Week?
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%.
- Market Realist•7 days ago
Energy Sector Pressured the S&P 500 on May 18
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.
- Market Realist•7 days ago
Market Strategy for the Week: China and Retail Stocks
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. ...
- InvestorPlace•7 days ago
3 Types of Derivatives ETFs You Should Know
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.
- Yahoo Finance•9 days ago
Here's why you can't blame socialism for Venezuela's crisis
It wasn't nationalization or a redistribution of wealth that produced Venezuela's ongoing national nightmare, but poor decision making and egregious financial mismanagement.
- Yahoo Finance Contributors•5 days ago
....And Oil Marches Higher
