NYSE:USO

United States Oil Fund Lp ETF News

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$125.51
+1.55 (+1.25%)
At Close: Jul 20, 2026
President Donald Trump posted on Truth Social that a deal to end the war with Iran will be signed on Sunday. He added that the Strait of Hormuz will be opened immediately after the signing.
Pakistan said an interim US-Iran deal to reopen the Strait of Hormuz could be finalized within 24 hours, raising expectations that the sides may be nearing a broader agreement after recent skirmishes
The prospects for a peace deal, falling Chinese demand and some workarounds to the Strait of Hormuz closure have helped to stop the crude market from going haywire.
The U.S. and Iran reportedly could sign a peace deal in the next few days. It would reopen the Strait of Hormuz to oil tanker traffic.
The extreme ​volatility of global oil prices has drained liquidity from the market this year at the fastest pace ‌on record, as investors have become increasingly wary of committing cash to an ass
Since the start of ​the Iran war and Tehran's announcement that the Strait of Hormuz was "closed", the market has grappled to put a figure on lost crude supply ‌and to predict the price of oil.

CME to offer 24/7 gold and oil trading

11:23am, Friday, 12'th Jun 2026
Geopolitical uncertainty doesn't take the weekend off, and neither will gold and oil futures as the CME prepares to launch 24/7 trading.
Roughly 7 million barrels of oil are getting out ​of the Persian Gulf each ​day with U.S. military help, U.S. ⁠Energy Secretary Chris Wright said on ​Friday at an event in Houston.
For much of the past several weeks, the Federal Reserve appeared to be getting backed into a corner.
Oil prices keep falling on Fridays only to rebound as the next week begins.
Reports point to a tentative peace deal between the U.S. and Iran that would reopen the Strait of Hormuz for 30 days. Tom White talks about what it means for the energy trade as crude oil taps two-mon
Brent crude and WTI prices were sinking Friday after President Donald Trump indicated a peace deal with Iran could come as soon as the weekend.
Josh Young, CIO of Bison Interests, says it's shocking that market participants are responding to Trump's jawboning and short-term supply policies through Strategic Petroleum Reserve releases despite
Goldman Sachs on Thursday lowered its 2027 average Brent oil price forecast to $80 a barrel, citing ​stronger supply growth and persistent demand weakness, even as it ‌warned prices could swing sh
Oil prices fell on Friday, extending losses from the previous session after U.S. President Donald Trump ​canceled plans to strike Iran, reducing fears of ‌an escalation of hostilities following ti
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