NYSE:USO

United States Oil Fund Lp ETF News

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$125.51
+1.55 (+1.25%)
At Close: Jul 20, 2026
To say the least, the light sweet crude oil market has been very noisy during the first half of the year, which has me thinking about a few scenarios for the rest of this year.
UBS on Thursday reduced its oil price forecasts for this year and next as oil flows through the Strait of Hormuz picked up, with ​transits recovering to about 50% of pre-conflict levels and Iranian
Global crude markets showed resilience with elevated refinery runs supporting transportation and petrochemical demand. WTI defended support at $67.81 with higher lows, Brent held channel support at $7
Oil prices remain under pressure as WTI breaks below $69 and Brent tests $70, while easing Strait of Hormuz risks and expected OPEC+ supply increases keep sellers in control.

Oil falls after US, Iran talks conclude in Doha

09:11pm, Wednesday, 01'st Jul 2026
Oil prices dropped in early trade on Thursday after Qatar said Iran and the U.S. had made "positive progress" in indirect talks that ​concluded on Wednesday, focused on the Strait of Hormuz, which h
Oil fell in early Asian trade on more signs of increased supply amid easing Middle East tensions.

U.S. Crude Oil Inventories Extend Decline

11:14am, Wednesday, 01'st Jul 2026
Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 3.8 million barrels to 408.4 million barrels in the week ended June 26, and were about 7% below the five-year average for
The oil markets continue to see a bit of support just below, as it looks like we are trying to find the bottom at this point.
Deep in the summer trading season, the question is what the second half of 2026 will bring. While fundamental factors suggest upside, the stage also appears set for a correction in the S&P 500 that co
U.S. crude inventories stayed near minimum operating levels while refined product demand remained firm amid ongoing economic activity. WTI held $69.64 support, Brent defended $73.06, and Natural Gas c
Oil prices rose in early trade on Wednesday as investors responded to news that ‌Iran will not be meeting with U.S. envoys, a further strain on the interim ceasefire agreed between the two in the fo

Oil Futures Rise on Possible Technical Recovery

07:39pm, Tuesday, 30'th Jun 2026
Oil futures rose in early Asian trade on a possible technical recovery after the futures posted their sharpest quarterly drop since 2020 on Tuesday.
Crude oil remains under bearish pressure after breaking below the 200-day moving average, but price is now testing a key multi-layer support zone where a potential base may form.
Oil declined, with shipping traffic through the Strait of Hormuz picking up on hopes for a permanent US-Iran deal and a Wall Street bank issuing fresh warnings about a potential glut. Michelle Brouha
Oil markets are losing ground as U.S. – Iran negotiations continue.
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