USO - United States Oil
13.80 +0.03 (0.22%)
After hours: 7:01PM EDT
| Previous Close | 13.88 |
| Open | 13.95 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 13.72 - 14.00 |
| 52 Week Range | 8.65 - 14.00 |
| Volume | 17,428,411 |
| Avg. Volume | 21,029,693 |
| Net Assets | 1.83B |
| NAV | 13.10 |
| PE Ratio (TTM) | N/A |
| Yield | 0.00% |
| YTD Return | 8.99% |
| Beta (3y) | 1.99 |
| Expense Ratio (net) | 0.31% |
| Inception Date | 2006-04-10 |
- Barrons.com•7 hours ago
Commodities Now: The Bull Breaks Down
Commodities rallied furiously Thursday morning, but leveled off by the afternoon -- a lesson for any investor to be wary of any asset class that rises too much, too fast. Brent crude gained 0.41% to $73 per barrel, West Texas Intermediate was roughly flat ending the day at around $68. Earlier in the session, Brent and WTI had both been up more than 1%.
- ETF Trends•9 hours ago
Oil Could Return to Triple-Digit Prices
It has a long way to go, but oil could return to $100 per barrel if Saudi Arabia, the largest producer in the Organization of Petroleum Exporting Countries (OPEC), has its way. “Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement’s original target is within sight,” reports Reuters. The United States Oil Fund (USO) , which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (BNO) , which tracks Brent crude oil futures, shot higher on that report.
- Zacks•10 hours ago
Why to Consider Leveraged Oil ETFs Now
Leveraged oil ETFs have snapped up solid returns this year on an upbeat scenario.
Market Realist•10 hours agoUS Crude Oil Production Reached a New Record
The EIA released the weekly US crude oil output data on April 18, 2018. The EIA reported that the US crude oil output rose by 15,000 bpd (barrels per day) to a record high of 10,540,000 bpd on April 6–13, 2018. The production also rose by 1,288,000 bpd or ~14% YoY (year-over-year).
Market Realist•11 hours agoUS Gasoline Inventories Boost Gasoline and WTI Oil Prices
On April 18, 2018, the EIA released its gasoline inventory data. The EIA reported that US gasoline inventories decreased by 2.9 MMbbls (million barrels) to 235.9 MMbbls on April 6–13, 2018. The inventories have decreased by 1.7 MMbbls or 0.7% YoY (year-over-year).
Market Realist•11 hours agoEnergy Sector Drove the S&P 500 on April 18
The S&P 500 rose ~0.1% to 2,708.64 on April 18, 2018. The index rose slightly due to bullish momentum in the energy and industrial sectors. Five out of ten major sectors in the S&P 500 rose on April 18, 2018.
- Market Realist•14 hours ago
What’s the Correlation between Oil and Natural Gas?
Between April 10 and April 17, 2018, the correlation between natural gas and US crude oil May futures was just 4.2%. In the seven calendar days to April 17, US crude oil and natural gas prices moved in the same direction in three instances out of the last five trading sessions based on the closing prices.
- Market Realist•15 hours ago
API Reported a Drop in US Crude Oil Inventories
May 2018 WTI crude oil futures contracts rose 0.9% from the previous settlement and were trading at $67.13 per barrel at 2:25 AM EST on April 18, 2018.
Market Realist•15 hours agoAnalyzing Commodities and the S&P 500
The S&P 500 rose ~1.1% to 2,706.39 on April 17, 2018, due to optimism about strong 1Q18 earnings results. Analysts estimate that S&P 500 companies’ earnings could rise 18.6% in 1Q18, which would be the highest increase in seven years, according to Reuters. Nine out of the ten major sectors in the S&P 500 rose on April 17, 2018.
- Market Realist•yesterday
What’s behind Whiting Petroleum’s Recent Stock Performance?
Whiting Petroleum (WLL) stock has shown stellar performance since the beginning of this year, rising ~35% since the start of 2018. On a year-over-year basis, the stock has risen ~13%.
Market Realist•2 days agoAnother Buyback: Has Hess Averted a Proxy Fight with Elliott?
Hess’s (HES) stock has mostly been on an uptrend since the beginning of this year. Year-over-year, Hess stock has risen ~7.85%. Crude oil prices (DBO)(USO) have increased ~26.72%. Meanwhile, the broader energy ETF—the Energy Select Sector SPDR ETF (XLE)—has increased 3.03%. The broader market ETF—the S&P 500 SPDR ETF—has increased ~14.04%.
Market Realist•2 days agoAre You Ready for Hess Corporation’s 1Q18 Earnings?
Hess Corporation (HES) plans to release its fiscal 1Q18 earnings on April 25. Revenue estimates for 1Q18 are at $1.16 billion. In comparison, Hess reported revenue of $1.27 billion in 1Q17.
Market Realist•2 days agoWhy Oil Prices Could Pull Gold Higher amid Increased Risks
On April 13, US crude oil (USO) May futures settled at $67.39 per barrel—the highest closing level for US crude oil active futures in more than three years. Oil prices have been climbing lately due to geopolitical tensions, which have increased worries of disruptions to supply, especially in the Middle East. New sanctions on Russia could further lift oil prices.
Market Realist•2 days agoUS Crude Oil Exports Dropped from Record Highs
According to the EIA, US crude oil exports decreased by 970,000 bpd (barrels per day) or 45% to 1,205,000 bpd on March 30–April 6, 2018. However, US crude oil exports increased by 516,000 bpd or 75% year-over-year.
- ETF Trends•2 days ago
Energy ETFs: More Participation in Oil’s Upside?
The United States Oil Fund (USO) , which tracks West Texas Intermediate crude oil futures, is up more than 9% over the past month while the Energy Select Sector SPDR (XLE) , the largest equity-based energy exchange traded fund, is higher by “just” 6.7% over that same period. Market observers and analysts argue that U.S. energy stocks are in a position to outperform broader equity markets this year, even if oil prices don’t move higher. The energy industry has grown more efficient after cutting costs in response to the plunge in crude oil prices in previous years, so they are now in a better position to improve revenue at lower oil prices.
- Market Realist•2 days ago
Cushing Inventories Increased 28% in the Last 5 Weeks
The EIA is scheduled to release its weekly crude oil inventory report on April 18, 2018. Market surveys estimate that Cushing inventories could have increased on April 6–13, 2018. A larger-than-expected increase in Cushing inventories could pressure oil prices.
- Market Realist•2 days ago
ConocoPhillips Stock Unbeaten for 5 Sessions—What’s Up?
In the week that ended on April 13, 2018, crude oil (USO) prices rose significantly from $62.06 per barrel to $67.39 per barrel, a rise of almost 9%. Crude oil prices saw a very strong positive trend within the week, rising on all five days.
Market Realist•2 days agoGasoline Demand Impacts Crude Oil Prices
May 2018 WTI oil futures contracts rose 0.4% from the previous settlement to $66.51 per barrel at 1:45 AM EST on April 17, 2018. However, WTI oil futures contracts fell 1.7% on April 16, 2018.
Market Realist•2 days agoCommodities and the S&P 500 Were Mixed on April 16
The S&P 500 rose ~0.8% to 2,677.84 on April 16, 2018, due to easing geopolitical tensions in the Middle East and optimism about strong 1Q18 earnings results. All of the 11 major sectors in the S&P 500 rose on April 16, 2018. The subsector classification is based on the S&P 500 GICS (Global Industry Classification Standard) indices.
- Market Realist•3 days ago
How Does the Brent-WTI Spread Impact US Energy Companies?
On April 16, 2018, Brent crude oil June futures settled at $5.2 more than WTI crude oil May futures. The difference is called the “Brent-WTI spread.” On April 9, 2018, the Brent-WTI spread was at $5.23.
- Zacks•3 days ago
Oil ETFs Rally on Geopolitical Tensions
Oil prices gain as geopolitics overpowers inventory build.
- ETF Trends•3 days ago
Oil Surge Stirs USO Options Activity
The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, jumped 5.6% as oil prices shot to multi-year highs. There are signs traders are expecting oil exchange ...
- Market Realist•3 days ago
US Crude Oil’s Gain Helped Oil ETFs
On April 6–13, 2018, the ETFs that follow US crude oil futures had the following performances: The United States Oil ETF (USO) rose 8.3%. The United States 12 Month Oil ETF (USL) rose 6.4%. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 17%.
Market Realist•4 days agoUS Crude Oil Could Move above $70
On April 6–13, 2018, US crude oil May futures rose 8.6%—the largest weekly gain since July 28, 2017. On April 13, 2018, US crude oil May futures settled at $67.39 per barrel—the highest closing level for US crude oil active futures in more than three years.
InvestorPlace•4 days agoWhy It’s Time to Shift From Passive to Active Investing
The S&P 500 as represented by the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) last week held a crucial technical juncture as support once more and a further bounce from here is indeed possible. This type of environment, particularly if we are in a phase transition period from bullish to neutral in terms of stock market directionality, will favor the active management crowd and frustrate passive investors, at least for some time.
