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USO / Oil Price Forecast / Update: Flat Trade Despite OPEC+ Output Cuts, API Inventory Declines Ahead of EIA Data
USO News
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
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
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
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
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
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
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
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