United States Oil Fund, LP (USO) Dividend History
Dividend History
United States Oil Fund, LP currently does not pay dividends
Company News
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Oil Prices Near 3-Month High At $84 As US Travel Demand Hits Record, Hurricane Season Impacts Supply
Oil prices are experiencing their fourth consecutive week of gains, driven by seasonal demand and record-breaking U.S. travel for the Fourth of July holiday. Additionally, crude has faced supply issues related to geopolitical tensions in the Middle East and disruptions from hurricanes in the Caribbean. West Texas Intermediate (WTI) light crude prices, as tracked by the U.S. Oil Fund (NYSE:USO), soared above $84 a barrel on Tuesday, setting the stage to close at their highest level since April 16. Record Travel Expected For Independence Day Holiday The American Automobile Association (AAA) projects 70.9 million travelers will journey 50 miles or more during Independence Day week, a 5% increase over 2023 and 8% over 2019. "With summer vacations in full swing and the flexibility of remote work, more Americans are taking extended trips around Independence Day," said Paula Twidale, senior vice president of AAA Travel. "We anticipate this July 4 week will be the busiest ever, with an additional 5.7 million people traveling compared ...Full story available on Benzinga.com
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To gain an edge, this is what you need to know today. PCE Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is attempting to break to a new high. RSI on the chart shows that there is a technical set up for the stock market to go higher. The chart shows that the stock market is significantly above the support zone. This indicates that buying here does not have a favorable risk reward ratio. The chart shows low volume. This indicates a lack of conviction. We previously shared with you that economists have become good at predicting the Fed’s favorite inflation gauge PCE. PCE data came as expected. Here are the details: Headline PCE came at 0.0% vs. 0.0% consensus. Core PCE came at 0.1% vs. 0.1% consensus. The U.S. economy is 70% consumer based. For this reason, prudent investors pay attention to personal income and personal spending. Personal spending dropped. This is inline with the other data of the consumer pulling back that we have been sharing with you. Here are the details: Personal spending came at 0.2% vs. 0.3% consensus. Personal income came at 0.5% vs. 0.4% consensus. First and foremost, The Arora Report is politically agnostic. The Arora Report strives to be objective and rigorously analytical to help investors. To make money in the markets, it is important for investors to separate their political views from investing. Here are the key points: The presidential debate has thrown huge uncertainty in the American economy and U.S.’s international standing. Prudent investors should wait for the air to clear post debate. There will be winning and losing investments from the election. Depending upon what happens over the coming days, changes may be made in the portfolios. In The Arora Report analysis, if nothing changes, the Magnificent Seven stocks,other mega cap stocks, and fossil fuel energy stocks are the winners post debate; ...Full story available on Benzinga.com
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Alex King from Cestrian Capital Research and Growth Investor Pro on the tech sector and bull market. Nvidia's upside volatility. Money coming into Apple.
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To gain an edge, this is what you need to know today. Lower PPI Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market took another leg up on Consumer Price Index (CPI) data yesterday. Please click here for details. The chart shows that after the Fed announcement, the stock market pulled back as the dot plot was more hawkish than expected. Please see click here for details. The chart shows that the stock market first jumped this morning on release of Producer Price Index (PPI) and jobless claims data. RSI on the chart shows that the stock market is very overbought. Overbought markets tend to be susceptible to a pullback. The chart shows that the volume was higher yesterday than other recent low volume days, but the volume was not high enough considering the strong rally. This is a negative. Inflation at the producer level came cooler than expected. Here are the details: Headline PPI came at -0.2% vs. 0.1% consensus. Core PPI came at 0.0% vs. 0.3% consensus. In The Arora Report analysis, a big part of the drop in PPI is because of the following reasons: We have been sharing with readers that producer prices in China have been dropping. Since the U.S. imports a large amount of goods from China, China is exporting disflation to the U.S. Oil prices have fallen due to concerns about a weak economy. Oil contributes significantly to PPI. Weekly initial claims came at 242K vs. 224K consensus. This indicates that the jobs picture is weakening. Initial jobless claims is a leading indicator and carries heavy weight in our adaptive ZYX Asset Allocation Model with inputs in ten categories. In plain English, adaptiveness means that the model changes itself with market conditions. Please click here to see how this is achieved. The sentiment is extremely positive in addition to CPI, PPI, and jobless claims. The following are adding to the positive sentiment. Elon Musk is claiming that shareholders voted for his pay package. Tesla Inc (NASDAQ: TSLA) stock is jumping about 7% as of this writing in the premarket. Semiconductor company Broadcom Inc (NASDAQ: Full story available on Benzinga.com
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To gain an edge, this is what you need to know today. Cooler CPI Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market taking another leg up on cooler Consumer Price Index (CPI). The chart shows the volume has been low, indicating lack of conviction. In theory, the volume today should be significantly higher. The Arora Report will be carefully watching the volume. RSI on the chart shows the market is overbought, making it susceptible to a pullback. CPI data came cooler than expected. Here are the details: Headline CPI came at 0.0% vs. 0.1% consensus. This is the lowest since 2020. Core CPI came at 0.2% vs. 0.3% consensus. In The Arora Report analysis, the probability of a rate cut in September is now 55%, and the probability of a rate cut in December is 90%. The Fed’s rate decision will be announced at 2pm ET, followed by Powell’s press conference at 2:30pm ET. At The Arora Report, we will be carefully watching the dot plot. The dot plot indicates interest rate projections of FOMC members. In the early trade, the buying in AI stocks is especially aggressive. As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the protection band. The protection band is one of the large number of unique edges that are available to members of The Arora Report. China Inflation in China is also falling both at the producer level and the consumer level. Since the U.S. is a major importer of Chinese goods, lower producer level inflation in China also helps lower inflation in the U.S. Here are the details: China’s CPI came at 0.1% month-over-month vs. 0.0% consensus and 0.3% year-over-year vs. 0.4% consensus. China’s PPI came at -1.4% year-over-year vs. -1.5% consensus. Magnificent Seven Money Flows In the early trade, money ...Full story available on Benzinga.com
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