NYSE:USO

United States Oil Fund Lp ETF News

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$133.02
-3.72 (-2.72%)
At Close: Jun 05, 2026
Oil markets reprice as diplomacy cools tensions, yet an $8-$10 risk premium remains. Will the OPEC+ output decision drive WTI toward $67 or back to $64?

Oil prices edge lower after US, Iran extend talks

08:56pm, Thursday, 26'th Feb 2026
Oil prices fell on Friday and were on track for a weekly decline after the United States and Iran extended talks over the OPEC member's nuclear programme, easing concerns about potential hostilities t
Oil fell in Asian trade on expectations that the U.S.-Iran talks will continue next week.
The Canadian oil-producing province of Alberta forecast a budget deficit of C$9.4 billion ($6.87 billion) for its 2026/27 fiscal year on Thursday, breaking its own rules on allowable deficit financing
Crude oil rebounded from key Fibonacci support after a pennant breakout, signaling near-term upside potential despite the rally advancing against a broader downtrend.
Nuclear talks on Thursday were expected to ease the uncertainty surrounding tensions between the U.S. and Iran. They ended with the promise of further discussions.

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12:33pm, Thursday, 26'th Feb 2026
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Crude oil drops through key trendline after a major U.S. inventory build and optimism on Iran talks, challenging support levels and weighing on trader sentiment.
Oil looks like the best of the oil rally is behind us for now. Failing to stick at those recent highs has forced a bit of a reality check on market sentiment.
Oil prices slipped after Oman said talks between the U.S. and Iran were progressing, easing fears of a Middle East supply shock.
Crude oil gets walloped in early Thursday trading, as we continues to see the markets move on the latest headlines between the US and Iran.
Following last month's dramatic capture of former Venezuelan President Nicolás Maduro, the Trump Administration is now shifting into high gear to expand the footprint of Western companies in Venezuel
By the fourth quarter of 2026, Goldman Sachs believes the current geopolitical tension might have eased somewhat and they forecast $60 by year-end
Oil prices hold a $10 risk premium as Geneva diplomacy counters a massive 16M barrel inventory build. Will WTI break $70 or will supply builds cap the rally?
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