NYSE:USO

United States Oil Fund Lp ETF News

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$123.96
+4.66 (+3.91%)
At Close: Jul 17, 2026
OPEC ‌on Monday lowered its forecast for world oil demand ​growth in 2026 ​to 780,000 barrels per day, ⁠a copy of ​its monthly report showed, ​marking the third straight downward revision.
Brent crude remains below $80 a barrel; European shares push cautiously higher while Asian shares tumble with South Korea's Kospi down nearly 10%
Bank earnings set to reflect Wall Street's boom, SK Hynix stock tumbles, tariff inflation is waning, and more news to start your day.
U.S. crude inventories stayed near minimum operating levels while refined product demand remained firm amid ongoing economic activity. WTI held $74.65 support, Brent defended $78.33, and Natural Gas c
Share markets slipped in Asia on Monday ​as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging ‌and rekindling inflation risks
Brent crude futures climbed to $78.68 a barrel.

Oil Supply Adapts to Hormuz Disruptions

12:08pm, Sunday, 12'th Jul 2026
Bloomberg Intelligence senior commodities strategist Mike McGlone says oil markets are largely accepting US assurances that the Strait of Hormuz remains open, with expanding Western Hemisphere supply
The newly released 2026 Statistical Review of World Energy reinforces a point that sometimes gets lost in political discussions about energy: the United States remains the world's largest oil producer
U.S. President Donald ​Trump said ‌on Sunday that the Strait ​of ​Hormuz is open to ⁠commercial traffic, ​though the ​U.S. and Iran continue to trade ​attacks that ​have raised conce
Oil spiked 7% today. WTI crude blew through $75 a barrel.
Russia's ​decision to ban diesel exports this week has roiled global energy markets, exacerbating shortages of the industrial fuel and sending prices ‌soaring, even in countries that no longer buy
U.S. drivers have seen gasoline prices climb again after weeks ​of steady declines, as renewed fighting between the U.S. and Iran lifted crudeoilprices to their biggest weekly rise in eight weeks.
‘The Big Money Show' panel weighs why investors are looking past renewed Iran tensions, what's keeping oil prices in check and why Wall Street remains focused on the U.S. economy.
Oil prices moved lower as Iran asked for negotiations.
The week was marked by heightened geopolitical tensions and continued volatility in semiconductor trading.
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