NYSE:USO

United States Oil Fund Lp ETF News

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$133.02
-3.72 (-2.72%)
At Close: Jun 05, 2026
U.S. oil production rose to a record high in September, data from the Energy Information Administration (EIA) on Friday showed, despite oversupply worries.
Hungary's Orban met Russia's Putin in Moscow to discuss energy and Ukraine peace deal.
Crude oil saw a mild bounce in thin Friday trading, but both WTI and Brent remain stuck in broader downtrends. Key resistance levels sit overhead, keeping the market in a fade-the-rally posture unless
Crude oil steadies after the CME outage, but OPEC+ expectations and rising supply forecasts keep the oil outlook cautious for traders watching key levels.
Oil prices remain on track for their largest yearly loss since the pandemic. They may be near a short-term bottom, however, with the lower prices likely to boost demand and temper global production.
Oil prices are projected to remain under pressure in 2026, as swelling supplies eclipse modest demand growth, while geopolitical risks could cap deeper losses, a Reuters poll showed on Friday.
Saudi Arabia, the world's biggest oil exporter, is expected to lower its January crude price for Asian buyers for a second month to its lowest level for five years, tracking the decline in spot benchm
WTI near $59 and Brent near $63 as traders weigh supply uncertainty and geopolitical shifts. Natural gas momentum improves with RSI signaling renewed buying interest.
The oil market feels “thin and directionless ahead of the OPEC+ meeting and the U.S. Thanksgiving lull,” said Phillip Nova.
Crude oil confirmed a bullish reversal Thursday with a breakout above $59.17 and a strong holiday close, building on the $57.21 low that completed the 88.6% retracement and held the descending channel
Russian President said that no final version of a peace plan existed.
Oil giants have fled California, but James Flores and his company Sable Offshore are desperate to get in, even if it means crossing swords with the state.
The commentary highlights quiet, low-volume holiday trading in crude oil, with both WTI and Brent stuck in consolidation. Rallies face strong technical barriers, while oversupply and slowing global de
OPEC+ is likely to leave oil output levels unchanged at its meetings on Sunday and to agree on a mechanism to assess members' maximum production capacity, two delegates from the group and a source fam
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