UGA
The United States Gasoline ETF, LP  |  NYSEARCA
52wk high:32.03
52wk low:20.24
Expense Ratio:0.75%
Div Frequency:
Div Rate (ttm):-
Yield (ttm):-
Assets (AUM):$67.6M
Volume:
  • Wed, Jan. 11, 12:52 PM
    • U.S. crude oil climbs 3.2% to $52.45/bbl after EIA data showed that refiners processed a record amount of crude and that supplies fell at the Cushing, Okla., storage hub.
    • U.S. refiners churned 17.1M bbl/day of crude into fuel last week, the highest weekly figure going back to 1982, while Cushing stockpiles, which have been rising in recent weeks, fell by 579K barrels.
    • Prices recovered after initially falling in reaction to a higher than expected rise in total crude oil inventories to 4.1M barrels, and U.S. production jumped to more than 8.9M bbl/day during the week, the highest read since April.
    • But analysts say the stockpile gains largely were driven by an increase in oil imports, which rose to their highest level since 2012 as shipments of crude that were delayed at the end of last year for tax purposes are starting to appear.
    • Refiners are higher: PSX +1.5%, VLO +0.8%, MPC +1.9%, TSO +1.1%, HFC +2.1%, WNR +0.9%, PBF +0.3%, CVI +0.7%, DK +0.4%.
    • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, SZO, OLEM
    Wed, Jan. 11, 12:52 PM | 23 Comments
  • Thu, Jan. 5, 12:04 PM
    • ProShares today launches the UBS ETRACS – ProShares Daily 3x Long Crude ETN (WTIU) and the UBS ETRACS – ProShares Daily 3x Inverse Crude ETN (WTID).
    • This comes following Credit Suisse late last year shutting down its popular triple-levered UWT and DWT.
    • Janus in December launched its own replacements, UWT and DWT.
    • Related ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Thu, Jan. 5, 12:04 PM | 3 Comments
  • Wed, Jan. 4, 4:41 PM
    • In what would be the largest fall since the start of September, crude inventories fell 7.43M barrels last week, according to the API.
    • Oil's added to the day's gains, now up 1.9% to $53.32 per barrel.
    • USO +0.2% after hours
    • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Wed, Jan. 4, 4:41 PM | 18 Comments
  • Dec. 23, 2016, 1:09 PM
    • Work climbs again in the oil fields with Baker Hughes reporting the U.S. rig count up another 13 this week to 523.
    • It's the 16th advance in 17 weeks.
    • Crude today is down marginally to $52.83 per barrel.
    • USO, however, is ahead 0.45%.
    • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Dec. 23, 2016, 1:09 PM | 2 Comments
  • Dec. 20, 2016, 4:35 PM
    • The API is said to have reported a 4.15M barrel decline in domestic crude inventories last week.
    • WTI oil has moved higher by about $0.20 per barrel since the number hit, now up 0.9% on the session to $53.52.
    • USO +0.25% after hours.
    • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Dec. 20, 2016, 4:35 PM | 30 Comments
  • Dec. 14, 2016, 7:25 AM
    • "OPEC production adjustment alone wouldn't be enough to clear the total overhang” of 300M barrels currently in storage, says the cartel in its first monthly report since agreeing to (OPEC) production cuts.
    • At issue is a subsequent agreement with non-cartel producers (namely Russia) for them to reduce output alongside OPEC.
    • History has shown it's not too easy to enforce production limits even within OPEC, leading some to question whether any non-OPEC deal has any chance of succeeding.
    • OPEC producers boosted production by about 150K barrels per day in November, including Saudi Arabia, which pumped out an additional 95K bpd.
    • Oil this morning is lower by 1.4% to $52.23 per barrel.
    • USO -1.2%
    • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Dec. 14, 2016, 7:25 AM | 4 Comments
  • Dec. 6, 2016, 5:16 PM
    • U.S. crude inventories fell 2.21M barrels last week, according to reports of just-released API data. It would be the largest decline in stocks in about 7 weeks.
    • The EIA reports its numbers tomorrow.
    • WTI crude has added about $0.20 since the report hit, still down 1.7% on the day at $50.91 per barrel.
    • USO +0.25% after hours
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Dec. 6, 2016, 5:16 PM | 28 Comments
  • Dec. 3, 2016, 11:33 AM
    • Electric vehicles are forecast to cut into oil demand by 1M-2M bbl/day by 2035, according to oil industry consultant Wood McKenzie.
    • That estimate is actually much more conservative than Bloomberg New Energy Finance’s estimate for EVs to impact demand by 8M bbl/day by 2035. For perspective, OPEC agreed this week to coordinated production cuts of 1.2M bbl/day which swung crude oil prices wildly. EVs are only sipping up the equivalent of 50K bbl/day currently.
    • The general consensus even in the oil industry is that governments are moving toward major changes with pollution and emissions regulations. Just this week, the cities of Paris, Mexico City, Madrid and Athens all said they would ban the use of diesel vehicles by 2025. Beijing is also slowly adopting pro-EV policies.
    • A higher mix of EVs in the future has already been tipped off by the dramatic long-term electrification initiatives announced this year by companies such as BMW (OTCPK:BMWYY), Volkswagen (OTCPK:VLKAY), Ford (NYSE:F) and Toyota (NYSE:TM). Around the corner, Tesla Motors (NASDAQ:TSLA) and General Motors (NYSE:GM) have their mass model EVs ready to roll - while new EV trucks, buses and motorcycles are also on the way.
    • WTI crude oil futures +1.21% to $51.68/bbl on Friday. Brent crude +0.96% to $54.46/bbl.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, SZO, OLEM, OILK, OILX.
    Dec. 3, 2016, 11:33 AM | 169 Comments
  • Dec. 2, 2016, 11:08 AM
    • Speaking in D.C., former Saudi Oil Minister Ali Al-Naimi says it remains to be seen if this week's deal to cut production is successful.
    • In addition to his acknowledgement of "cheating" on caps, Al-Naimi notes there's still plenty of shale oil to be found across the globe.
    • WTI crude this morning is higher by another 0.7% to $51.41 per barrel, and in line for a weekly gain of more than 11%.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Dec. 2, 2016, 11:08 AM | 33 Comments
  • Nov. 29, 2016, 9:12 AM
    • Speaking to reporters in Vienna, Iran oil minister Bijan Namdar Zanganeh says his country "won't cut oil production."
    • Bloomberg reports the Saudis as ready to reject any deal if Iran and Iraq don't participate. The Kingdom, according to the report, will only accept production cut exemptions for Nigeria and Libya.
    • WTI crude is now lower by 3.6% to $45.38 per barrel.
    • USO -3.25% premarket
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Nov. 29, 2016, 9:12 AM | 105 Comments
  • Nov. 28, 2016, 12:26 PM
    • Oil and the stocks of European oil players were hit early today, with a weekend story about Saudi Arabian oil honchos pulling out of a Monday meeting with their Russian counterparts setting the opening tone.
    • Later in the session though, Iraqi Oil Minister Jabbar al-Luaibi said he was optimistic a production deal will be reached later this week.
    • WTI crude is now higher by 2.55% on the session to $47.24 per barrel. USO +1.95%
    • The XLE, however, remains in the red by 0.45%.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Nov. 28, 2016, 12:26 PM | 12 Comments
  • Nov. 22, 2016, 4:47 PM
    • Crude inventories fell 1.28M barrels last week, according to the API.
    • Distillates fell 350K barrels, and gasoline supplies rose 2.68M barrels - the largest weekly gain since February.
    • The EIA publishes its data tomorrow and expectations are for a 1M barrel add to crude stockpiles.
    • Oil is quiet in late trade at $47.91 per barrel.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Nov. 22, 2016, 4:47 PM | 5 Comments
  • Nov. 22, 2016, 12:12 PM
    Nov. 22, 2016, 12:12 PM | 5 Comments
  • Nov. 22, 2016, 8:45 AM
    • "We think we should increase output," Iraqi Foreign Minister Ibrahim al-Jafari tells reporters. "Iraq is in a special situation ...we are at war ... It would not be fair for us to cut output."
    • Black gold had breached $49 per barrel earlier this morning, but has now slid back to just below $48, down 0.5% on the session.
    • USO -0.65% premarket
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Nov. 22, 2016, 8:45 AM | 38 Comments
  • Nov. 21, 2016, 2:59 PM
    • The latest chatter on some sort of agreement comes from Libyan OPEC Governor Mohamed Oun, who says the cartel is discussing an output range of 32.5M-33M barrels per day (vs. current levels just north of 35M).
    • OPEC meets to maybe hammer out a formal deal later this month.
    • Source: Bloomberg
    • WTI crude today is higher by 3.9% to $47.48 per barrel - now up about $4 per barrel over the past few sessions.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Nov. 21, 2016, 2:59 PM | 5 Comments
  • Nov. 17, 2016, 3:57 PM
    • Last month's U.S. deliveries of petroleum products was the strongest October since 2007, according to the API.
    • The level was 20.07M barrels per day vs. 19.5M a year ago.
    • This comes against U.S. crude production of 8.61M barrels per day vs. 9.36M a year ago. Crude imports of 7.67M vs. 7.10M; product imports of 2.09M vs. 1.74M.
    • Refinery utilization rate of 86% vs. 86.5%.
    • Oil today is down 1.4% to $44.94 per barrel.
    • ETFs: USO, OIL, UWTI, UCO, DWTI, SCO, BNO, DBO, DTO, UGA, USL, DNO, OLO, UHN, SZO, OLEM, OILK, OILX
    Nov. 17, 2016, 3:57 PM | 4 Comments