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USO

United States Commodity Funds LLC

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Summary

Market Cap: 1.32 Billion

Primary Exchange: NYSE ARCA

Website:

Shares Outstanding: 17.7 Million

Float: 0

Dividend: 0.0 (0.0%)

Beta: 0.26003851654484866

Sector:

Industry:

Ethical Flags

Longest drawdown: 1821 trading days

From: 2013-09-06 To: 2020-11-27

Lowest Point:

Oil and gas names higher as tanker attacks spark supply fears

via: SeekingAlpha at 2019-06-13 07:20:39:000

Crude oil prices jump as much as 4% following attacks on two oil tankers in the Gulf of Oman, close to the Strait of Hormuz, where more than 30% of the world's shipped oil passes through; currently, WTI +3% to $52.67/bbl, Brent +2.8% to $61.67/bbl. More news on: Frontline Ltd… read more...

Crude Oil - Waiting On OPEC

via: SeekingAlpha at 2019-06-13 02:30:00:000

When the crude oil market becomes ugly, the price action can be hideous. In 2014, the price began to fall from a high at almost $108 per barrel on the nearby NYMEX futures contract. The selling ended in February 2016 with the price at a low at $26.05 per barrel. Crude oil then recovered and ma… read more...

Oil Sell?Off Sparks Investment Opportunities

via: SeekingAlpha at 2019-06-13 01:49:03:000

In recent weeks, renewed trade concerns, slowing oil demand, and a notable acceleration in implied U.S. oil production have spurred a material sell-off in oil. Similar concerns caused oil prices to drop at the end of last year, which prompted OPEC+ (i.e., the Organization of the Petroleum Expo… read more...

Oil surges 3% on incident in Gulf of Oman

via: SeekingAlpha at 2019-06-12 23:24:34:000

Just hours ago, oil prices were flashing red as they neared the $50 level, but overnight reports of tanker explosions in the Gulf of Oman has triggered a sudden turnaround. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long… read more...

Market Volatility Bulletin: Equities Regrouping After Charging Past SPX 2900

via: SeekingAlpha at 2019-06-12 21:44:11:000

Market Intro CNBC: 10:57 AM EST Spot VIX is trading at the center of its one-week range (approximately 15.25-17.00), while stocks ( SPY , DIA , QQQ , IWM , ACWX ) try to sort out messages from the economy and progress on trade. Thoughts on Volatility A lot of assumptions go int… read more...

Commodities Are 'From Venus' Too

via: SeekingAlpha at 2019-06-12 18:29:07:000

Originally posted on June 11, 2019 ZeroHedge, in its typical eloquent fashion, noted last week that stocks are from Mars but bonds are from Venus, in describing the downdraft of U.S. Treasury bond yields and the significant rebound in the stock market. The two do not rhyme very well, which… read more...

USO: Time To Come Back

via: SeekingAlpha at 2019-06-12 14:20:55:000

Investment thesis Lately, global economic uncertainty, accumulating American crude inventories and US-China persisting trade quarrel impacted significantly crude oil futures and United States Oil Fund LP ( USO ), to the downside. In spite of that, crude market stabilization and a potential… read more...

U.S. oil finishes 4% lower on crude build, demand fears

via: SeekingAlpha at 2019-06-12 12:19:28:000

Oil prices sink to their lowest settlement in five months after U.S. government data showed a large increase in domestic crude inventories for the second week in a row. More news on: Energy Select Sector SPDR ETF, Roan Resources, Inc., Superior Energy Services, Inc., Energy stocks news… read more...

Crude inventory builds slightly

via: SeekingAlpha at 2019-06-12 06:31:48:000

EIA Petroleum Inventories: Crude +2.2M barrels vs. -0.5M consensus, +6.8M last week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, ProShares Ultra Bloomberg Crude Oil ETF, Stocks on the move, Commodities news, Energy stocks news, News on … read more...

Fears of falling demand, surging U.S. stockpiles send oil prices plunging

via: SeekingAlpha at 2019-06-12 03:47:23:000

Crude oil prices tumble on concerns over weakening global demand and a U.S. supply glut, dragging prices back to the bottom of their recent range; WTI -2.7% to $51.83/bbl, Brent -2.4% to $60.77/bbl. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&… read more...

It's A Great Day To Short Crude

via: SeekingAlpha at 2019-06-11 21:44:37:000

Over the last month, the United States Oil ETF ( USO ) has fallen by nearly 12% in a decline which has reached some of the lowest prices since the start of the year. In this article, I will dig into the fundamentals behind the ETF and show why we are likely to see further price declines in USO… read more...

U.S. crude supply rose 4.8M barrels last week, API says

via: SeekingAlpha at 2019-06-11 13:00:06:000

The American Petroleum Institute reportedly shows a build of 4.85M barrels of oil for the week ending June 7, following a 3.55M-barrel build in the previous week. More news on: The United States Oil ETF, LP, iPath S&P Crude Oil Total Return Index ETN, VelocityShares 3X Long Crude ETN… read more...

Here's Why Oil Stocks Are Priced For Armageddon

via: SeekingAlpha at 2019-06-11 10:12:51:000

A year after I predicted the oil price collapse , I suggested that we were at the beginning of the end of the oil age . Both times I was told I was in wrong. In fact, I was told I was crazy. Several years later, here we are, and oil is in the midst of yet another correction. Oil stocks are… read more...

U.S. 2018 oil demand rose by most in a decade, BP report says

via: SeekingAlpha at 2019-06-11 07:10:18:000

U.S. oil demand jumped 500K bbl/day to 20.46M bbl/day in 2018, the biggest increase in more than a decade and accelerating a trend of rising oil demand since a trough in 2009, BP says in its latest annual Statistical Review . More news on: BP p.l.c., The United States Oil ETF, LP, Th… read more...

What Gold, Treasuries And The Dollar Are Telling Us

via: SeekingAlpha at 2019-06-11 05:41:40:000

"I really think that people never go wrong by telling the truth." - Sydney Pollack The economy continued to flash warning signals this week. JPMorgans global composite PMI reading slipped into contraction territory falling to a 7-year low in the process. Oil ( USO ) continues its d… read more...

The Tight Crude Oil Market Has Been Masked By These 2 Key Factors Lately

via: SeekingAlpha at 2019-06-11 03:40:00:000

Oil bulls can't catch a break. The escalating U.S.-China trade war and the potential U.S.-Mexico trade war have fueled speculations about a global oil demand slowdown. On top of these trade tensions, EIA has announced builds in crude oil over the last weeks, which has exacerbated the situation… read more...

Crude Oil Trade: Iraq Making Big Plans For Crude Oil

via: SeekingAlpha at 2019-06-10 17:36:29:000

The US sanctions on Iran gave a great opportunity to Iraq, which shortly after increased its target for crude oil production to 6.2 million b/d by early 2021 and nine million b/d by early 2024. The additional volumes will allow Baghdad to cover part of the supply gap created after Iran's colla… read more...

The Chickens Are Coming Home To Roost - Years Of Neglect In Oil Upstream Capex

via: SeekingAlpha at 2019-06-10 13:03:16:000

Note: This article was first published to HFI Research subscribers on May 26th, 2019. For more exclusive articles like this, please see here for more info . The oil bulls have always had this one thesis up their sleeves - years of low upstream capex resulting in lower supplies. For the … read more...

Crude Oil Volatility Spike - A Classic Contrarian Signal

via: SeekingAlpha at 2019-06-10 11:13:59:000

The correction in crude oil has come as a shock to previously bullish traders and has rippled across global asset markets, e.g. contributing to the selloff in the S&P 500 and the push lower in bond yields. So what's up (or down?) with crude, and what are the likely next steps from here? … read more...

Russia not yet on board with OPEC production deal extension

via: SeekingAlpha at 2019-06-10 08:17:50:000

Russia will not commit to further production cuts under an OPEC supply deal, since the oil market faces many uncertainties in the months ahead, the country's energy minister says. More news on: The United States Oil ETF, LP, Energy Select Sector SPDR ETF, iPath S&P Crude Oil Total R… read more...

Oil Shock Model Scenarios

via: SeekingAlpha at 2019-06-10 05:37:19:000

By Dennis Coyne Many different oil shock model scenarios have been presented over time at Peak Oil Barrel. Information on the Oil Shock Model, originally developed by Paul Pukite can be found in Mathematical Geoenergy . The future is unknown, so future extraction rates from conventional… read more...

Weekly Review Of Master Limited Partnership CEFs: The U.S. Oil Fund Fell More Than 8%

via: SeekingAlpha at 2019-06-10 02:15:46:000

Introduction The past trading week was quite rough for the MLP sector. The leading benchmarks finished with great losses. Statistically there are no overvalued funds. The Z-scores reached new lows which begin to look quite tempting for " Long " positions. The NAV/Price spreads are also ext… read more...

Bears Ignore Tight Market As Oil Prices Stay Volatile

via: SeekingAlpha at 2019-06-09 21:50:28:000

Oil prices have continued to fall since the second half of May as some commentators described the volatile market as the worst four-week run since the 2008 financial crisis. If that is an accurate description of the market, then we should also consider the retreat in major equity share indexes… read more...

A Look At The Charts

via: SeekingAlpha at 2019-06-09 21:36:33:000

The US dollar fell against all the major currencies last week, and the technical indicators warn that further losses are likely. Market speculation that the Federal Reserve will be forced to cut rates more than once this year has strengthened. It is outpacing the expectations that the ECB and … read more...

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