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…
Oil prices fell back below $100 a barrel on Friday from their highest level since early May, but continued tensions between the US and Iran promise that the energy markets will remain elevated.
The absence of fresh overnight escalations between the U.S. and Iran halted the global oil benchmark's upward march, as investors hope leaders seek an off-ramp.
Renewed hostilities in the Gulf have revived stagflation talk, dimming hopes the interim deal between the U.S. and Iran had come in time for the world economy to avoid elevated inflation alongside stagnant economic growth.
LNG supply disruptions and Middle East tensions keep energy markets on edge. Explore the latest outlook for WTI, Brent and natural gas.
Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut.