Loading…
Loading…
USO does not currently pay a dividend.
See exactly how USO's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for USO and 80,000+ other tickers.
USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. USO is…
A U.S. oil and gas producer will announce a major investment into Venezuela on Wednesday, U.S. Energy Secretary Chris Wright told Fox News.
The national average price of regular gasoline jumped 16 cents in a single week to $4.
U.S. crude oil inventories fell for a third consecutive week while gasoline and distillate stocks saw increases.
WTI and Brent pull back as Saudi export fears ease, but bullish inventories and ongoing supply stress keep oil sensitive to fresh headlines.
Mark Zandi, Chief Economist at Moody's Analytics, says higher oil prices are hitting consumers and the economy hard, while the Fed is likely to raise rates despite a soft economy.