United States Oil Fund (NY: USO )
62.93 -0.53 (-0.84%) Official Closing Price Updated: 8:00 PM EDT, Jun 9, 2023 Add to My Watchlist
All News about United States Oil Fund
With oil prices spiking alongside China's PMI miss overnight combined with US Manufacturing's weakness this morning, stagflationary fears have really started to build. Central bankers' greatest...
OPEC+ Just Announced Oil Output Cuts In A Surprise Move. Here's How It Could Really Affect You.
April 02, 2023
OPEC+, a consortium comprising 22 oil-producing nations, announced Sunday an unexpected production cut that will likely give a further boost to oil prices bouncing off their recent lows.
WTI is still neutral to downward biased, though it has cleared the 20-day EMA. Oscillators turned bullish, with the Relative Strength Index above 50, which could pave the way for further upside.
In the event the hitherto-contained banking crisis continues to percolate, it will be just a matter of time before gold breaks out. Non-commercials have been adding to their gold longs, albeit not too...
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