Tag Archives for: United States Oil Fund LP(NYSE:USO)
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OPEC and Russia agree to cut oil production and boost market

From Tom DiChristopher & Sam Meredith: Major oil producers have reached a deal to cut oil production and boost the market.
NYSE:USO December 7, 2018 12:29pm

Oil Prices Drop More Than 4% Despite Large Crude Draw

From Irina Slav: As oil markets hold their breath for OPEC+'s announcement of the final production cuts to take place starting next year, the Energy Information Administration served a nice surprise to oil bulls by reporting an inventory draw in crude oil of 7.3 million barrels for the week to November 30.
NYSE:USO December 6, 2018 12:05pm

Oil prices edged higher as investors await clarity on possible output cut by major producers

From Myra P. Saefong & Rachel Koning Beals: Oil prices edged higher on Wednesday as global investors awaited clarity on a possible, but far-from-assured, output cut by major producers gathering in Vienna.
NYSE:USO December 5, 2018 1:14pm

Oil struggles to hold gains amid trade and output cut uncertainty

oil derrick
From Reuters:
NYSE:USO December 4, 2018 2:58pm

Oil prices jump after the US and China agreed to a 90-day truce in a trade dispute

From Reuters:
  • Both global oil benchmarks are rose after U.S. and China announce 90-day trade war truce.
NYSE:USO December 3, 2018 1:13pm

U.S. oil prices briefly fall under $50, ahead of OPEC gathering at G-20

From Myra P. Saefong & Rachel Koning Beals: Oil prices fell Friday, with U.S. benchmark crude touching lows under $50 a barrel, after bouncing Thursday on reports that Russian officials are signaling a likely output cut in tandem with other major producers.
NYSE:USO November 30, 2018 12:04pm

U.S. oil benchmark dips below $50, then rallies

From Myra P. Saefong: Oil futures climbed sharply on Thursday, bouncing back from an earlier decline that pulled the U.S. crude benchmark below $50 a barrel for the first time since October 2017.
NYSE:USO November 29, 2018 12:25pm

Oil moves lower on demand concerns, dollar strength

oil pump
From Myra Saefong: Oil futures reversed course Tuesday afternoon to trade lower, with global benchmark prices slipping back below $60 a barrel. Expectations for a slowdown in global economic growth that may lead to lower energy demand, as well as strength in the U.S. dollar contributed to oil's prices losses, said Phil Flynn, senior market analyst at Price Futures Group. The benchmark ICE U.S. Dollar Index DXY, +0.31% rose after Federal Reserve Vice Chairman Richard Clarida said in a speech Tuesday that he backed continued gradual interest rate hikes. January West Texas Intermediate oil CLF9, -0.70% fell by $1.19, or 2.3%, to $50.45 a barrel on the New York Mercantile Exchange after an earlier high above $52. January Brent crude LCOF9, -0.99% traded at $59.53, down 95 cents, or 1.6%.
NYSE:USO November 27, 2018 2:39pm

Goldman Sachs Predicts Commodities Will Soar in 2019

From Sam MeredithGoldman Sachs said Monday commodities could surge around 17 percent over the coming months, with a fast-approaching G-20 meeting cited as a potential launchpad for raw materials.
NYSE:USO November 26, 2018 11:43am

Oil tumbles more than 7%, now down more than 30% in 7 weeks

From Sam Meredith & Tom DiChristopher:  The latest wave of energy market selling comes amid escalating concerns about an increase in global supply and a slowdown in economic growth.
NYSE:USO November 23, 2018 3:47pm

Why are oil prices rebounding?

From Myra Saefong & Rachel Koning Beals: Oil futures gained on Wednesday, buoyed by expectations for a production cut at a meeting of major oil producers early next month, but prices traded off the session's high following U.S. government data that showed a ninth straight weekly rise in U.S. crude supplies.
NYSE:USO November 21, 2018 12:01pm

WTI Crude Oil Crashes To $53, 1-Year Lows

decreasing stock
From Tyler Durden: Oil is plunging again this morning (down almost 6%) on persistent fears that a surplus will re-emerge next year despite OPEC's plans to cut production.
NYSE:USO November 20, 2018 12:21pm

Oil falls to $55 after Russia delays production-cut decision

From Tyler Durden: Oil prices are re-tumbling this morning after weekend hopes for 'news' of production cuts to stabilize prices failed to appear.
NYSE:USO November 19, 2018 12:35pm

Trump tweeted that oil’s price ‘should be much lower based on supply’

From Tom DiChristopher: President Donald Trump on Monday tweeted that he hopes OPEC does not cut oil output, the same day Saudi Arabia's energy minister said the cartel and its allies may need to throttle back production by about 1 million barrels per day.
NYSE:USO November 13, 2018 9:33am

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