NYSE:USO

United States Oil Fund Lp ETF News

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$135.15
+2.13 (+1.60%)
At Close: Jun 08, 2026
Oil futures headed close to a five-month high on Monday (March 18, 2024) after Ukrainian drone attacks on Russian energy infrastructure sent crude prices to their highest levels since end-October.
Oil markets are moving higher as traders bet on rising demand from China.
The oil markets initially rallied during the session on Monday but have given back some of the momentum as New York got on board.
Oil futures rose early Monday, finding support as continued attacks by Ukraine on Russian energy facilities were estimated to have idled a significant chunk of Russia's refining capacity.
With Natural Gas hitting a pivotal $1.83 amidst market shifts and rising oil prices, investors face a critical decision point on their holdings.
Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening.
IEA predicts stronger oil demand; U.S. refinery surge cuts stockpiles; geopolitical issues threaten supply stability.
The bullish technical picture provides additional support to oil prices.
Another week has come and gone, and it looks like crude oil markets are intent on pressuring the major resistance barrier that they have been dealing with for some time.
Crude oil markets continue to look bullish, despite the fact that we did pullbacks slightly during the day on Friday. Crude oil markets continue to look bullish, despite the fact that we did pullbacks
Crude oil poised for a solid weekly gain amid increased IEA demand forecast, U.S. stockpile drop, and global tensions impacting energy markets.
"The main assumption is OPEC+ will maintain cuts, which have been extended," says Crystol Energy founder and CEO Carole Nakhle as she examines the International Energy Agency's oil forecast on Bloombe
Amid a 4% potential weekly gain, high U.S. inflation and a stronger dollar may lead to a cautious stance on natural gas and oil prices.

Oil dips on profit taking after price crosses $85

08:42pm, Thursday, 14'th Mar 2024
Oil prices edged lower on Friday but were on track to gain nearly 4% for the week as sharp declines in U.S. crude and fuel inventories, drone strikes on Russian refineries and a rise in energy demand
WTI oil and Brent oil moved above key resistance levels.
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