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Drink Oil When The Middle East ClashesShlomo Wiesen • Tue, Nov 27, 2012 -
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Will The Oil Rally Come To An End?Lior Cohen • Wed, Aug 15, 2012
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ETF Periscope: USO Offers Opportunity For A Slick Oil PlayDaniel Sckolnik • Wed, May 30, 2012 -
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at MarketWatch.com (May 10, 2013)
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at CNBC.com (May 2, 2013)
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at MarketWatch.com (Apr 16, 2013)
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at MarketWatch.com (Feb 21, 2013)
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at CNBC.com (Jan 29, 2013)
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at MarketWatch.com (Jan 22, 2013)
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at MarketWatch.com (Jan 17, 2013)
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at MarketWatch.com (Nov 20, 2012)
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at MarketWatch.com (Nov 7, 2012)
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at CNBC.com (Oct 30, 2012)
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at CNBC.com (Oct 29, 2012)
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at CNBC.com (Oct 29, 2012)
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at CNBC.com (Oct 28, 2012)
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at CNBC.com (Oct 15, 2012)
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at MarketWatch.com (Oct 2, 2012)
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at MarketWatch.com (Sep 18, 2012)
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at MarketWatch.com (Aug 1, 2012)
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at CNBC.com (Jul 31, 2012)
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at MarketWatch.com (Jun 25, 2012)
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at CNBC.com (Jun 22, 2012)
USO vs. ETF Alternatives
USO Description
The United States Oil Fund, LP ("USO") is a domestic exchange traded security designed to track the movements of light, sweet crude oil ("West Texas Intermediate").
See more details on sponsor's website
See more details on sponsor's website
Key Info
- In Your Portfolio: A Guide to Commodity ETFs and ETNs
- Asset Class Performance: Commodities
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, June 13, 6:35 PM Is the U.S. oil renaissance overhyped? U.S. oil production grew faster than almost all the world's major energy players last year, but some analysts think the industry can't maintain its blistering growth. AllianceBernstein sees the marginal cost of crude in the U.S. at ~$95/bbl, which makes new production vulnerable to sharp price drops. Also, declining Bakken and Eagle Ford well production rates suggest “the best is behind us." 16 Comments [Energy]
- Wednesday, June 12, 8:13 AM The odds that oil prices will fall over time due to supply increases gets support from the IEA's latest oil market report, which projects the amount of oil processed by refineries to rise by 2.2M bbl/day between Q2 and Q3 to average 77M bbl/day. Non‐OPEC supply expectations are raised to 54.5M bbl/day for 2013 on rebounding output in South Sudan and strong North American oil sands and tight oil production. Comment! [Energy, Global & FX]
- Monday, June 10, 7:38 PM The national average retail price of regular gasoline rose 0.9 cent to $3.655 a gallon in the week ended Monday, according to the EIA. Prices are 8.3 cents above year-earlier levels, the biggest year-on-year premium since February 18. 2 Comments [Commodities]
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Friday, June 7, 4:28 PM
The week's ETF movers - Gainers: OIL +5.1%. USO +4.7%. BNO +4.6%. FXY +3.1%. DBC +1.7%.
ETF Losers: GAZ -4.7%. UNG -4.1%. PSLV -2.9%. SLV -2.7%. SIVR -2.6%. Comment! [On the Move] - Friday, May 31, 8:08 AM On the face of it, it's a smooth meeting of OPEC ministers, who decided - as expected - to maintain the current 30M bbl/day oil production cap. But there are some elephants in the room: the impact of North America's energy glut on OPEC’s periphery, how best to accommodate rising Iraqi output, how to close the political divide that prevents the selection of a new secretary general, and even whether OPEC is now a "paper tiger." Comment! [Energy, Global & FX]
- Friday, May 31, 7:50 AM At its meeting in Vienna, OPEC agrees to keep its 30M barrel/day output target unchanged this year. WTI crude futures -0.75% to $92.90. Brent crude -0.65% to $101.53. USO -0.4% premarket. Comment! [Energy, Breaking News]
- Friday, May 24, 8:07 AM Oil traders might have an opportunity in the recently-narrowed spread between WTI crude (USO) and Brent (BNO), says Goldman. Though expecting further narrowing in the near-term, the team recommends selling WTI Dec. 2014 contracts and buying equivalent Brent as rising Gulf Coast supplies later this year and in 2014 should pressure WTI prices. Comment! [Commodities]
- Wednesday, May 22, 10:09 AM Stocks pop higher (SPY +0.6%) as Bernanke's prepared remarks for Congress suggest an increase in QE is as likely as a "tapering." Gold (GLD +2.6%) and Silver (SLV +3.8%) get a charge, and bonds (TLT +0.5%) move higher. It's green across the board, but not participating is crude oil (USO -0.4%). Watch live here. 1 Comment [On the Move]
- Tuesday, May 14, 4:50 AM Thanks to U.S. shale oil, demand for OPEC crude will remain largely unchanged over the next five years the IEA says in its semi-annual report. "Output growth from North America dominates the medium-term growth profile," the agency notes. By 2018, U.S. output should reach 11.9M barrels per day, 20% of the projected total of 59.3M barrels per day of non-OPEC supply. 3 Comments [Commodities]
- Friday, May 10, 7:33 AM The stronger dollar has precious metals resuming their decline in force (or is the decline in precious metals strengthening the dollar), with gold (GLD) off 2.3% and silver (SLV) off 2.2%. Crude oil (USO) pulls back a bit from its recent big rally, -0.9% to $95.53. 106 Comments [Commodities, On the Move]
- Thursday, May 9, 3:36 PM Apparently behind the mid-afternoon drop in the S&P 500 (SPY) (a not insignificant 10 points), the soaring dollar (UUP), and sinking commodities (GLD, USO) was the rumor of a Jon Hilsenrath article set to hit the WSJ claiming "tapering" of asset purchases is coming sooner rather than later. Thus far, nothing is up. 47 Comments
- Thursday, May 9, 3:06 PM The dollar (UUP +1%) is soaring across the board (not just against the yen, where it's now spiked through ¥100 to ¥100.56). The greenback is threatening parity vs. the aussie (FXA -1.1%) for the first time since last summer, and the euro (FXE -1.1%), swissie (FXF -1.4%), loonie (FXC -0.5%), and pound (FXB -0.6%) are seeing sizable declines as well. Commodities? Red. Gold (GLD -1.1%), Silver (SLV -1.2%), Oil (USO -0.6%), Copper (JJC -0.8%). 5 Comments [Global & FX, Commodities, On the Move]
- Monday, May 6, 8:31 AM The commodity boom (DBC) is over, writes Morgan Stanley global macro chief Ruchir Sharma, as massive overinvestment - mostly to feed China's voracious demand - comes online just at the time said demand becomes considerably less voracious. Not only are China and emerging markets in general slowing, but the countries are striving to become more efficient (USO) as well. "If historical pattern holds, we are now entering a long period of falling commodity prices, which could last two decades." 2 Comments [Commodities]
- Monday, May 6, 6:53 AM Crude gets a boost from its favorite catalyst: geopolitical tension. Brent futures hit their highest levels in a month Monday after Israel steps up airstrikes on Syrian targets over the weekend. Expect the risk premium investors attach to oil to rise further in the coming weeks should rhetoric surrounding possible U.S. intervention heat up. Nymex crude jumped in early Asian trading as well. 1 Comment [Energy]
- Thursday, May 2, 3:09 PM Nearly everyone's a winner today as it's not just stocks lit up bright green. Oil (USO +3.3%), gold (GLD +0.5%), silver (SLV +0.7%), and corn (CORN +1.8%), are all flying. Even bonds (TLT), which tumbled on the big dip in jobless claims, have returned back to flat. Notably lower is natural gas (UNG -6.3%), tumbling on an unexpected add to inventories and as spring finally seems to arrive in the States. 3 Comments [Commodities, On the Move]
- Wednesday, May 1, 4:30 PM Nymex crude settled -2.6% at $91.03 after today's inventory report revealed crude stockpiles climbed to 6.696M barrels, a record high dating back to 1982 when the EIA began tracking the data. E&P equities took a beating, from higher-beta names such as QEP Resources (QEP -6.1%) to giants such as Exxon (XOM -1.6%) and Chevron (CVX -1.4%). (ETFs: USO, UCO, OIL, BNO) 12 Comments [Energy, U.S. Economy]
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Philip Davis
Wating on the Fed as We Flatline Along $$ $USO $SPY $DIA $FXI #Fed -- http://bit.ly/12SM5Rf - View all 0 replies
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Philip Davis
Technical Tuesday - Gravity's Rainbow or Bernanke's Pot of Gold? $$ $SPY $USO $EWJ #Fed http://fb.me/2lbOIMNVj - View all 0 replies
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Sir. Monaco
$GS $SPY $USO $UNG // boys, I am officially calling bs on GS's call for natural gas to avg 4.50 this year, more co's - View all 7 replies
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JABATOCA: So if you've done your research, stand by it! No matter how many insults friends and colleagues sling your way, you'll have the last laugh. -
piggylucca: Does SM believe price of gold & silver is cheap enough to buy or should we wait for cheaper prices?
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Sir. Monaco
$USO $SPY $UNG // Enbridge in a tactical move to sell off its nat gas business and focus on oil http://buswk.co/1alkfgP - View all 4 replies
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Sir. Monaco
$USO $UNG $SPY we would be selling into this false rally in natural gas,...and going long oil - View all 0 replies
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LATEST REPLIES
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Sir. Monaco
$USO $SPY $UNG // Enbridge in a tactical move to sell off its nat gas business and focus on oil http://buswk.co/1alkfgP - View all 4 replies
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Sir. Monaco
$GS $SPY $USO $UNG // boys, I am officially calling bs on GS's call for natural gas to avg 4.50 this year, more co's - View all 7 replies
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JABATOCA: So if you've done your research, stand by it! No matter how many insults friends and colleagues sling your way, you'll have the last laugh.
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piggylucca: Does SM believe price of gold & silver is cheap enough to buy or should we wait for cheaper prices?
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Philip Davis
Morning Outlook: Cashing Nikkei Longs, QE Reaching It's Limit? $$ $EWJ, $USO, $GLD, $BA $CAT $AMGN $VOD #Futures --http://bit.ly/13Bjtai - View all 1 replies
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Sir. Monaco
$UNG, $SPY, $JPM, $USO WSJ Article: "We May Live On A Natural Gas Machine" - LAST SENTENCE: Natural Gas May Effectively Never Run Out - View all 69 replies
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Philip Davis
Morning Commentary on Oil, the Yen and our new Bullish Trade Ideas $$ $USO, $FXY, $SCO, $EWJ -- http://bit.ly/14ljB08 - View all 1 replies
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lobsterboy98: Today's rally=semi bad news so good news no QE tapering, so bad news = rally good news = rally, no news = rally...anyone see a problem here?
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x oil -field
Intermarket Secular Shifts And The Great Rotation Trade:Long Stocks,Short Treasuries by:Mr.Vincent.$SPY $USO http://bit.ly/16jHEQA - View all 4 replies
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x oil -field: ..can recall the great great depression.While we may have moved from can-goods on the counter and move to a little salad on the table..c>
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x oil -field: ..we're now asking ''where's the Beef'' We may be looking at the prime-beef but would really like the filet mignon that's on the menu,yes?
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x oil -field
Bloomberg: Euro (€) Weakens Below $1.32 First Time in 6 Weeks as Output Drops. http://bloom.bg/XOZ4dj $FXE http://bit.ly/UN3SE6 $USO - View all 5 replies
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x oil -field: The $CS papier-mâché fear trade $TVIX http://bit.ly/Zlv8f1 *AH low $5.48¢. http://bit.ly/UJh3EK NASDAQ
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x oil -field: Wall Street Seeks Dodd-Frank Changes Through Trade Talks. Bloomberg http://bloom.bg/10SDLgx
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x oil -field
U.S. asks judge to deny S&P's motion to dismiss fraud lawsuit. Reuters $USO http://reut.rs/118lHdS http://bloom.bg/10ig15I Bloomberg - View all 3 replies
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x oil -field: ..were entitled to no more weight than an infomercial hawker's claim that his knife will outlast any other,"..c>
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x oil -field
Gold Pullback Begins,$UNG Natural Gas Tests First Layer Of Support,Oil Falls. by: Hard Assets Investor.$USO http://bit.ly/ZOCUdx - View all 7 replies
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x oil -field: It was worth +15% swing for the day-traders.Many here @SA @ST follow shippers. DAG,yourself,Truffel,Michael Bryant. http://bloom.bg/17c9Jbz
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x oil -field: It was a +15% swing for the day-traders.I'm long-term hold.Many follow shippers. DAG,yourself,Truffel,Michael Bryant. http://bit.ly/17c8OrJ
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Philip Davis
Closing NYMEX Futures with $990,000,000 gain on 165K contracts - congrats to all who played! $SS $USO #Futures -http://tinyurl.com/bvs38ty - View all 2 replies
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User 447425: "aren't actually so sophisticated that they can differentiate one commodity from another" - Correction this this - UNG is not in free fall
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Philip Davis: Yes, all the LNG talk is keeping it up in the face of everything else declining. That scam has been the topic of several other posts. $UNG
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x oil -field
Paulson $GOLD Bet Loses Almost $1 Billion: Chart of Day. $GLD Bloomberg $SLV http://bloom.bg/XD97WZ $USO - View all 3 replies
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x oil -field: I personally do not believe he did,the man is no dummy,he will make [gains] money on the way-up,and tax write-off on the way-down.
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x oil -field: Also believe article called it a paper loss,not going back to read again.The guy is not from Main St. he's a person with [B]'s from Wall St.
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Philip Davis
China GDP with Surprising Slowdown $$ SPY, $USO, $EWJ, $USO, #China, $FXI -- http://bit.ly/133Z8yk - View all 1 replies
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Philip Davis: There were tons of clues, we've been playing for this and our only worry was that we were too bearish going in - guess not. 8)
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Philip Davis
Futures Turning Sour - Two Ways to Play Them -- http://bit.ly/10doTFm -- $$, $USO, $JPY, $UUP, $DIA, $GLD - View all 4 replies
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Philip Davis: We just called for an exit to bear plays at 10:34 in Member Chat. Looking to go short again on afternoon run-up (see notes in today's post)
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Philip Davis
Cyprus Status, Thoughts on Income Inequality in America and Our Energy Situation: $$ $USO $XLF -- http://bit.ly/WW1YCg - View all 2 replies
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Hypnos7: A lot of unskilled/semi-skilled work has been shipped overseas (e.g., China), but a growing chunk is being replaced by automation. -
Hypnos7: In less than 50 years, unless you're a knowledge worker, you won't have a job
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techwonk: Springfield Jack, nice! Some Corneille for you both. http://bit.ly/WEzprF thanks for sharing -