United States Oil Fund (USO)
$12.35 0.25 (2.07%)
8:42 EDT USO Stock Quote Delayed 15 Minutes
Previous Close $12.10
Market Cap 1.60B
PE Ratio -
Volume (Avg. Vol.) 796,566
Day's Range 12.10 - 12.10
52-Week Range 9.23 - 16.24
Dividend & Yield N/A (N/A)
USO Stock Predictions, Articles, and United States Oil Fund News
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This morning I'm recommending a bearish call write on United States Oil Fund, LP (NYSEARCA:USO), a fund that tries to match the spot price West Texas Intermediate light, sweet crude oil delivered to Cushing, Oklahoma.
Oil stock prices tend to bottom a few weeks before a major travel holiday like Labor Day, and then spike higher as that holiday approaches.
Energy ETFs have had a great 2019 so far. However, a number of headwinds are hitting the industry now, making these energy funds vulnerable.
Nio, J&J, oil, Bed Bath & Beyond and Carnival Cruise are on the move, so they're are must-see stock charts for Wednesday.
An unusual pairing of short Starbucks (SBUX) stock and long USO looks well-positioned for a profitable stock spread.
I'm recommending a bullish position on the United States Oil Fund (NYSEARCA:USO). Oil recently finished its longest daily losing streak on record before finding some support near the $55 level. That is a positive overall for U.S. consumer and the economy, but it’s certainly not good for energy stocks, which have also been hit extremely hard this month.
Oil and oil-related stocks like Exxon Mobil, Chevron and ConocoPhillips continue to get pummeled. Check out our must-see stock charts.
Oil prices are bullish and yesterday's drop in USO screams opportunity. Here's how to sell USO puts for profits.
Thanks to the Trump administration’s stern position on Iran, the USO ETF jumped higher -- and will probably continue its upward trek.
Oil prices are down, but not out. Capitalize on the price dip using naked puts on the United States Oil Fund (USO).
In the short term, we expect that traders will be planning for a flip-flop from OPEC. The underlying fundamentals are reasonably positive as well, which should help boost United States Oil Fund LP (NYSEARCA:USO) up off of support.
Aside from the rise in crude oil (inflationary, raises risk of four Fed hikes this year) the other big story in play is the persistent yield curve flattening coming from the bond market, a loud signal that something isn't right.
The more successful hedge funds and traders I deal with are now operating through the lens of looking for "lower highs" and to "sell the rip" as opposed to hoping for new sustainable highs in stock indices.
The United States Oil Fund ETF has been out of the spotlight, but don’t fall asleep at the wheel as the oil proxy drives higher out of key breakout.
Stocks rebounded strongly on Thursday following Wednesday's slump, and it looks like the trend will continue at the sound of the opening bell today. However, some questions still remain.
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