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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
- Tuesday, January 8, 2:42 PM The world’s oil market should eventually see a glut of crude oil and a fall in prices given non-OPEC growth in production, especially from unconventional and deepwater North American sources, and steady demand growth, Global Hunter says. As for natural gas, the overabundance in supplies has led to a "severe cratering of prices on the one hand, but has set in motion a variety of longer-term demand drivers on the other." Comment! [Energy, Global & FX]
- Tuesday, January 8, 8:59 AM Deutsche Bank (DB) slashes its forecast for WTI crude by 10% to $90/barrel, with the key being increased supply from U.S. shale production. Toss in minimal OPEC production curbs and slowish economies, and "implied inventory builds ... could be sizable." 1 Comment [Commodities]
- Monday, January 7, 4:31 PM The price gap between the WTI and Brent crude oil benchmarks closes at its narrowest in more than three months. The spread has shrunk by 6.4% YTD, much of it on news from Enterprise Products Partners (EPD) and Enbridge (ENB) that 400K bbl/day of oil will begin to flow through their Seaway Pipeline by the end of this week, and some traders expect the expansion will continue to narrow the gap. Comment! [Energy, Commodities]
- Friday, January 4, 4:49 PM If Hugo Chavez dies, oil markets could rally in the short-term "given the instability it would cause, especially as Venezuela is a key oil exporter,” but the long-term move would be slight since the country's oil industry has deteriorated under Chavez, Schneider Electric's Matt Smith says. Venezuela produces ~2.2M bbl/day of crude vs. ~3.5M when Chavez took over in 1999. 4 Comments [Energy, Global & FX]
- Monday, December 17, 2012, 4:56 PM Enterprise Products Partners (EPD) says it and partner Enbridge (ENB) will expand the Seaway pipeline, a 150K bbl/day line that was reversed earlier this year to ship crude from Cushing, Okla., to Houston, to run 400K bbl/day as of next month, and a further expansion to 850K bbl/day is planned for Q1 2014. The move is credited with helping narrow the discount of U.S. crude to Brent by $1 today. Comment! [Energy]
- Friday, December 14, 2012, 11:57 AM With WTI and Brent detached, plans are afoot for a new, medium sour crude contract in China. What’s more, the proposals would allow foreign investors to trade in commodities markets without a local subsidiary for the first time. But deep reforms in China's tightly controlled oil import and refining sectors would be needed to lure the world's top producers, traders, refiners and investors. Comment! [Energy, Commodities, Global & FX]
- Thursday, December 13, 2012, 5:38 PM Whether crude costs $60 or $120/bbl., the U.S. is almost free of depending on imported energy and positioned to supplant Saudi Arabia as the world’s top producer of oil, Citi's Ed Morse says. While U.S. producers break even with prices of $72-$75/bbl. and will keep drilling new shale wells at $60 because they’ve already hedged future output, the Saudis face different challenges. 1 Comment [Energy, U.S. Economy, Global & FX]
- Wednesday, December 12, 2012, 12:45 PM OPEC announced it would maintain oil production at 30M bbl/day, but do its quotas even matter any more? Capital Economics' Julian Jessop thinks not: "While it may be in the interests of the group as a whole to cap output and support prices, each individual member has an obvious incentive to sell as much oil as possible." Plus, as non-OPEC supply increases, compliance is likely to weaken further. 7 Comments [Energy, Global & FX]
- Wednesday, December 12, 2012, 10:46 AM WTI crude gives up a chunk of sizable early gains - USO +0.3% - after an unexpected build in stocks last week. Product stock builds were double what was expected, but the gasoline ETF (UGA) still gains 1.4%. Comment! [Commodities]
- Wednesday, December 12, 2012, 7:43 AM As expected, OPEC has left its oil output ceiling at 30M bpd at its meeting in Vienna today, although it's unclear whether the cartel will do anything to address the fact that it's producing well above that figure. Despite the swift agreement on output, the cartel is still wrangling over who should replace Secretary General Abdalla Salem el-Badri, who is due to retire in around two weeks. Oil +0.1%. Comment! [Energy]
- Wednesday, December 12, 2012, 4:42 AM The International Energy Agency increases its forecast for 2013 worldwide oil demand by 110K bpd to 90.5M, saying it expects growth to "stay relatively sluggish" due to "tepid global economic expansion." In its monthly report, the IEA also raises its production forecast by 70K bpd to 54.2M bpd, with the U.S. shale revolution driving growth. Comment! [Energy]
- Tuesday, December 11, 2012, 2:15 PM Although there is deadlock over who should be OPEC's new secretary general, the cartel's members - even Iran - are in agreement that oil prices are roughly where they want them. OPEC projects demand for its crude in H1 2013 at 29.25M bbl/day, implying a 1.5M bbl/day stockbuild during that period vs. November's output of 30.8M bbl/day and a possible upcoming drop in prices. Comment! [Energy, Global & FX]
- Monday, December 10, 2012, 11:16 AM OPEC meets this week in Vienna, where discussions likely will be dominated by clashes over the appointment of a new leader for the group, leaving it ill-equipped to grapple with falling demand and a surge in production from both inside and outside OPEC, which prompts some observers to expect the cost of a barrel of crude to fall sharply next year. 2 Comments [Energy, Commodities, Global & FX]
- Thursday, December 6, 2012, 2:54 PM Oil consumption is down this year and won’t rise enough next year to support the current level of world production, particularly from OPEC, Canaccord predicts as it lowers its oil price outlook. The bank sees Brent prices moving downward to close the gap vs. WTI, an argument likely based on increased U.S. production finding its way to Gulf Coast and East Coast markets. Comment! [Energy, U.S. Economy]
- Thursday, December 6, 2012, 2:41 PM Plains All American's (PAA) purchase of five crude oil rail terminals is a sign that big players are betting against a big narrowing of Brent-WTI prices any time soon, Robert Campbell writes. PAA has staked $500M on a belief that inland and perhaps Gulf Coast crude prices will remain sufficiently depressed to support very high-cost movements to the U.S. coasts for years to come. Comment! [Energy]
- Thursday, December 6, 2012, 11:24 AM James Hamilton crunches some numbers and concludes U.S. oil consumption should continue to decline: If the price of oil stays flat, an ongoing decline in oil consumption over the next decade is plausible even without planned CAFE standards. If the price rises modestly, a reduction in consumption by 2020 of the size assumed in the IEA's World Energy Outlook looks reasonable. Comment! [Energy, U.S. Economy]
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Philip Davis
Morning Market Notes - Getting Ready to Take the Money and RUN - $$ $SPY $USO $AAPL $NFLX #stocks -- http://bit.ly/ZL5PCC - View all 0 replies
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Philip Davis
Oil (/CL) now up $1,000 per contract from earlier tweet, Nikkei up $250 but not bad! Don't be greedy. $$ $USO $NKD #Futures - View all 0 replies
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Philip Davis
Nice early morning opportunity to look at Nikkei and Oil Futures Shorts $$ $USO $NKD #Futures --http://bit.ly/10BjPtZ - View all 0 replies
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LATEST REPLIES
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x oil -field
$USO Crude oil trades at 6-week low as global growth concerns weigh. http://bit.ly/SDVkss $USO FOREX|PRO - View all 1 replies
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x oil -field: Crude falls on U.S. supply data, Saudi commitment to lower prices. http://bit.ly/Us9UYk $USO FOREX|PRO
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x oil -field
Oil's tumble continues to be more than a one-day wonder as WTI crude dives another 3% to $92.90/barrel. $USO http://seekingalpha.com/n/bp8h - View all 7 replies
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REIT: the whole idea is to make higher inflation that's what Ben's thesis about more and more inflation,best achieved with higher oil,soon reverse -
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Bob de'Long: Too much oil and not enough war. I think Romney's goofs took the presure off BHO's need to go to war in the Gulf.
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1980XLS-2.0: that's how you know. Refining capaicity has zilch to do with oil prices. And, that's why it won't work anyway -
1980XLS-2.0: that's how you know. Refining capaicity has zilch to do with oil prices. And, that's why it won't work anyway
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stocktrend: I believe NAV it will be bought but when ,just cut my losses and make upin other stocks today but will reenter with aleast 1000 maybe today -
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neobliviscar: Neither do I, nor does MS and BAC to its institutional buyers. However, maybe it is just their version of making Buttock-Muppets of us all. -
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jdub2788: Yep, liquidation of debt the only risk, and central banks have shown their hands.
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Hypnos7: It had gotten overbought, and swing traders could have entered yesterday afternoon.
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