NYSE:USO

United States Oil Fund Lp ETF News

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$133.02
-3.72 (-2.72%)
At Close: Jun 05, 2026
The oil market has flashed a warning to Saudi Arabia: The world economy is weakening, and the kingdom's efforts to boost prices have run into a wall of excess supply.

Are oil bears missing supply risks ahead?

08:00pm, Friday, 30'th Jun 2023
Geopolitical pressures loom over oil supply and pricing heading into the second half of 2023. Claudio Galimberti, Rystad Energy SVP and Head of Americas Research, joins Yahoo Finance Live to examine c
Oil futures settled higher on Friday, posting a gain for the month but a loss for the quarter. Crude prices have found support from the OPEC+ deal and voluntary production cuts made by several members
Oil markets are moving higher as demand for riskier assets grows.
Crude oil markets initially plunged during the course of the week, only to turn around and show signs of life again. Ultimately, it looks as if we are trying to find some type of bottom for a bigger m
Crude oil markets have rallied on Friday again, showing signs of strength in what has been a tight consolidation region.

Growth risks to restrain oil prices this year

07:08am, Friday, 30'th Jun 2023
Oil prices will struggle for traction this year as global economic headwinds stymie gains that could be fuelled by a rebound in China and OPEC+ cuts, a Reuters poll showed on Friday.
WTI, Brent crude oil prices show strength despite headwinds from rising interest rates, as supply drawdown and OPEC+ cuts drive gains.
Oil and gas will remain leading sources of energy for decades to come on the back of a lagging energy transition, said key industry players at Energy Asia.
Brent crude oil prices were little changed in early trading on Friday, but were set to notch their first monthly gain this year as a steep drawdown in oil stocks and OPEC+ plans to cut output outweigh
Oil futures settled higher on Thursday, contributing to the commodity's month-to-date gain. Oil stabilized at support near the 2023 lows following Wednesday's weekly Energy Information Administration
Oil markets continue to rebound from recent lows as traders shrug off recession worries.
Crude oil markets have been somewhat quiet during the trading session on Thursday, as we wait to see what the next move is.

Oil prices edge higher after Wednesday bounce

07:33am, Thursday, 29'th Jun 2023
Oil futures edged higher Thursday, attempting to build on a bounce scored the previous session after data showed a large drop in U.S. crude inventories.
WTI crude oil prices decline on profit-taking and rate hike concerns, compounded by weak Chinese data.
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