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USO / Crude Oil Price Forecast – Crude Oil Markets Gap Higher After OPEC+ Cut

Crude Oil Price Forecast – Crude Oil Markets Gap Higher After OPEC+ Cut
The crude oil markets have rallied rather significantly during the trading session on Monday, as OPEC+ has announced a surprise 1 million barrel production cut starting in May. Read More
Posted: Apr 3 2023, 09:59
Author Name: FXEmpire
Views: 111695

USO News  

Oil ETF (USO) Hits New 52-Week High

By Zacks Investment Research
September 12, 2023

Oil ETF (USO) Hits New 52-Week High

For investors seeking momentum, United States Oil Fund USO is probably on radar. The fund just hit a 52-week high and is up 35.5% from its 52-week low more_horizontal

USO: The Next Oil Bull Market May Have Begun

By Seeking Alpha
August 28, 2023

USO: The Next Oil Bull Market May Have Begun

Oil prices have been stuck in a tight range but have recently rallied, indicating a potentially more significant rebound if it breaks above the ~$80 r more_horizontal

USO: Crude Oil Spike Usually Appears At End Of Economic Cycle (Rating Upgrade)

By Seeking Alpha
July 15, 2023

USO: Crude Oil Spike Usually Appears At End Of Economic Cycle (Rating Upgrade)

I am shifting from a neutral to bullish stance on oil/gas assets, with the potential for shortages in crude oil supply by the summer of 2024. Risks to more_horizontal

USO: Improving Risk Appetite And Backwardation Point To Strong Total Returns

By Seeking Alpha
July 4, 2023

USO: Improving Risk Appetite And Backwardation Point To Strong Total Returns

The United States Oil ETF, LP should perform well due to the recovery in risk assets and the oil curve remaining in backwardation. Weakness in oil pri more_horizontal

USO: Geopolitical Risk Likely To Weigh On Crude Prices

By Seeking Alpha
June 13, 2023

USO: Geopolitical Risk Likely To Weigh On Crude Prices

Investment banks remain bullish on crude prices due to OPEC+ production cut pledges. Increased US production is forcing OPEC+ to make production cuts. more_horizontal

Crude Oil Price Forecast – Crude Oil Continues to Plunge

By FXEmpire
May 31, 2023

Crude Oil Price Forecast – Crude Oil Continues to Plunge

The crude oil markets have fallen rather hard early during the trading session on Wednesday, as the market has broken below the $68 level in the WTI g more_horizontal

Natural Gas, WTI Oil, Brent Oil – Oil Markets Retreat From Session Highs

By FXEmpire
May 19, 2023

Natural Gas, WTI Oil, Brent Oil – Oil Markets Retreat From Session Highs

U.S. debt ceiling talks were paused, which was bearish for oil markets. more_horizontal

Crude Oil Price Forecast – Crude Oil Continues to Undulate

By FXEmpire
May 19, 2023

Crude Oil Price Forecast – Crude Oil Continues to Undulate

Crude oil markets have done very little during the trading session on Friday as we continue to hang around the same general area. more_horizontal


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