United States Oil Fund

NYSE ARCA: USO
$78.78
-$0.07 (-0.1%)
Closing price April 22, 2024
The United States Oil Fund (USO) is an exchange-traded fund that focuses on investing in the oil market, primarily through derivatives like futures contracts. It aims to mirror the daily movements of the price of light, sweet crude oil, but also invests in other oil types and petroleum-based fuels. Managed by United States Commodity Funds LLC, USO offers investors exposure to the oil commodity market without the need to directly invest in physical oil.
U.S. crude oil inventories rose by much more than expected last week and have added to the decline that was already happening in crude oil prices.
U.S. crude oil inventories rose by 6 million barrels last week, more than analysts had forecast and enough to keep downward pressure on prices.
The U.S. Energy Information Administration reported Wednesday morning that U.S. commercial crude oil inventories rose by 8 million barrels last week, the highest weekly rise of the year so far.
U.S. commercial crude oil inventories rose by 1.9 million barrels in the week ended last Friday. Analysts were looking from a drop of more than 1 million barrels. U.S. production increased, exports...
The U.S. stockpile of crude oil dropped by 2.1 million barrels last week and the gasoline inventory fell by 1.7 million barrels. Increased exports of both contributed to both declines.
The U.S. Energy Information Administration reported Wednesday morning that U.S. commercial crude oil inventories fell by more than 5 million barrels last week. Product inventories (gasoline and...
U.S. crude oil inventories dropped by more than expected last week, but increases to gasoline and distillate inventories outweighed decline. Prices did not move much immediately following the report.
U.S. commercial crude oil and gasoline stockpiles declined more than expected last week. Crude oil imports and exports also fell. Prices rose a bit on following the report from the U.S. Energy...
U.S. commercial crude inventories dropped by 5.8 million barrels last week even though refineries are running nearly flat out. Prices pared their early gains, but still hold onto to an increase of...
The U.S. commercial crude oil inventory blew the doors off the consensus estimate for a decline with an increase of nearly 7 million barrels last week. Prices plunged following the report.
The U.S. commercial stockpile of crude oil fell less than expected last week while gasoline and diesel fuel inventories increased. Overall, U.S. petroleum stockpiles are higher than in the previous...
The U.S. commercial inventory of crude oil rose sharply last week, defying analysts estimates for a decline. Crude prices have dipped below $68 a barrel again.
The U.S. crude oil stockpile fell by more than 6 million barrels last week, more than double the expected drop. Gasoline inventories also posted a much larger-than-expected drop.
The U.S. crude oil inventory added nearly 6 million barrels last week compared with consensus estimates for a decline of more than 3 million barrels. Gasoline inventories fell more than expected,...
The U.S. commercial crude inventory fell by more than 12 million barrels last week but the decline was more than offset as inventories of other petroleum products rose.