United States Oil Fund (USO) News Today

USO (United States Oil Fund LP) shares have been reacting to recent swings in crude oil futures, driven by geopolitical tensions, macroeconomic data, and energy-sector earnings.

• Positive Sentiment: The crude oil market had a strong week after the U.S. threatened further sanctions and tariffs on Russian oil, sparking supply-concern buying. Crude Oil Weekly Price Outlook – Crude Oil Shoots Higher for The Week
• Positive Sentiment: Technical indicators show crude resting against key resistance levels with rising support and Fibonacci targets suggesting a continuation toward higher channel lines. Crude Oil Price Forecast: Rests Against Resistance
• Positive Sentiment: WTI held above the $70 mark as stronger-than-expected GDP data and signs of a Fed rate pause bolstered bullish sentiment. Natural Gas and Oil Forecast: Will Fed Pause and GDP Boost Keep WTI Above $70?
• Positive Sentiment: Exxon Mobil’s better-than-expected Q2 earnings, driven by stronger production, highlight resilience in upstream margins. Exxon earnings beat estimates as production growth softens impact of lower oil prices
• Positive Sentiment: Shell posted a profit beat despite a sharp annual decline, reinforcing confidence in dividend and share-buyback plans. Oil giant Shell posts beat on profit despite sharp annual drop
• Neutral Sentiment: Crude oil trading remained choppy as markets weighed U.S. tariff threats on Russian exports, leading to sideways action. Crude Oil Price Outlook – Crude Continues to Chop
• Neutral Sentiment: While tariff-related jitters pressured prices early, supply-risk fundamentals and key technical levels still support upside potential in WTI futures. Oil News: Tariff Tensions Pressure Crude Oil, but Bullish Outlook Holds
• Neutral Sentiment: Exxon’s CEO flagged potential M&A opportunities in the sector, reflecting strategic positioning rather than immediate price drivers. Exxon Sees M&A Possibilities as Oil Giants Post Lower Profits
• Neutral Sentiment: Trade-policy uncertainty continues to stir volatility across gas and oil markets without a clear directional bias. Natural Gas and Oil Forecast: Tariff Tensions Stir Volatility in Energy Markets
• Negative Sentiment: Oil prices plunged roughly 3% as investors shifted focus to upcoming U.S. Non-Farm Payrolls data and weakening demand forecasts. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 3% Amid Demand Concerns
• Negative Sentiment: Short interest in USO surged over 43,700% in July, signaling rising bearish bets against the fund.
• Negative Sentiment: Chevron’s Q2 profit fell 43% year-over-year, hurt by low oil prices and a loss on its Hess acquisition. Chevron profit hit by low crude oil prices and loss from Hess acquisition
• Negative Sentiment: Kuwait Petroleum’s annual profit slipped 5.8% amid lower crude prices, underscoring broader industry headwinds. Kuwait Petroleum annual profit slips 5.8% on lower crude prices
• Negative Sentiment: Oil retreated as traders refocused on U.S. trade-tariff risks, offsetting some earlier gains. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Traders Focus On Tariffs
• Negative Sentiment: Persistent tariff uncertainty and rising OPEC+ supply forecasts continue to weigh on oil price outlooks. Tariff uncertainty and rising OPEC+ supply weigh on oil prices
• Negative Sentiment: Traders remain cautious as crude continues to see volatility, driven by geopolitical risks and tariff threats. Crude Oil Price Outlook – Crude Oil Continues to See Volatility