United States Oil Fund (USO) News Today

United States Oil Fund LP (USO) shares rose as oil prices found technical support and rebounded on Middle East tensions, though broader oversupply and demand concerns capped gains. Key factors influencing the oil market today include:

• Positive Sentiment: Crude oil rallied in early Friday hours as dip buyers stepped in, signaling attempts to establish a short-term floor in prices. Crude Oil Price Outlook – Crude Oil Rallies in Early Friday Hours
• Positive Sentiment: Crude oil futures rebounded as buyers defended key support levels, underpinned by geopolitical risks in Russia and the Middle East. Oil News: OPEC vs IEA Outlook Splits Traders on Oil Demand and Supply Risks
• Positive Sentiment: Oil prices climbed after an Israeli strike in Qatar and renewed threats of fresh Russia sanctions boosted supply-disruption fears. Oil Prices Rise After Israeli Strike In Qatar, Trump’s Threats Of Fresh Russia Sanctions
• Neutral Sentiment: Markets continue to find support but remain “stuck” as traders search for a clear directional catalyst. Crude Oil Weekly Price Outlook – Crude Oil Continues to Find Support
• Neutral Sentiment: OPEC maintained its oil-demand forecasts and reaffirmed solid economic growth projections even as it plans further output increases. OPEC sticks to oil demand forecasts, says economy doing well
• Neutral Sentiment: Oil-field service firms are shifting to power data centers to meet AI’s energy needs, a pivot that could redefine long-term service demand. Rushing to Meet AI's Energy Needs: Oil-Field Servicers
• Neutral Sentiment: Oil and gas prices are wrestling between Federal Reserve policy expectations and a surge in inventories, leading to muted directional moves. Natural Gas and Oil Forecast: Oil and Gas Prices Caught Between Fed Policy and Inventories
• Negative Sentiment: OPEC+ production gains are adding to global supply, exerting downward pressure on energy prices. Natural Gas and Oil Forecast: OPEC+ Output Gains Pressure Energy Prices Lower
• Negative Sentiment: Oil prices extended losses amid worries over broad oversupply and potential softening of U.S. demand. Oil prices extend losses on oversupply, US demand concerns
• Negative Sentiment: Crude oil downside momentum extended as a bear-flag pattern broke, pointing toward deeper support zones. Crude Oil Price Forecast: Extends Decline as Bear Flag Triggers Deeper Targets
• Negative Sentiment: Natural gas, WTI and Brent all fell as oversupply fears and key technical breaks signaled a bearish short-term outlook. Natural Gas, WTI Oil, Brent Oil Forecasts – Oversupply Pressures and Key Technical Levels Signal Bearish Outlook
• Negative Sentiment: Despite steady demand forecasts, OPEC’s move to boost output again suggests more supply headwinds ahead. OPEC Keeps Oil Demand View Unchanged as It Continues to Boost Output
• Negative Sentiment: Crude futures slid on weak U.S. demand signals and an IEA warning of looming oversupply. Oil News: Crude Futures Slide as Weak Demand, IEA Oversupply Analysis Weighs
• Negative Sentiment: Oil prices scaled back as market focus shifted to softening U.S. demand indicators. Oil Prices Scale Back As Attention Shifts To US Demand Softness
• Negative Sentiment: The IEA warned of a larger oil surplus ahead after raising its supply outlook. IEA Further Lifts Oil Supply View, Pointing to Larger Surplus Ahead
• Negative Sentiment: The IEA lifted its 2025 supply forecast after OPEC+ agreed to hike production, adding to surplus concerns. IEA raises 2025 oil supply forecast after OPEC+ output hike decision