Spokesmen for the SEC and CFTC declined to comment. The shifts have led to concerns that USO could become increasingly disconnected from the spot oil price that it’s long sought to track. Stock quotes by finanzen.net. On April 20, the May contracts fell to negative $37.63 per barrel as low demand caused an oversupply that outstripped the nation's oil storage infrastructure. Find the latest quotes for United States Oil Fund (USO) as well as ETF details, charts and news at Nasdaq.com. As the largest exchange-traded fund with direct exposure to the price of U.S. oil, shares have fallen nearly 83% so far this year. USO has issued six disclosures to shareholders in the last two months noting changes to the fund’s investment strategy, which it has had to quickly rejigger in response to recent events. Chevron Stock Could Have a Record Month Even Though Oil Is Down. In addition, USO has been awaiting SEC approval for more than a month to sell additional shares to investors eager to keep wagering on oil.
Find the latest news headlines about United States Oil Fund (USO) at Nasdaq.com. See you at the top! As it got bigger, the ETF attracted legions of mom-and-pop investors who saw it as an easy and simple way to wager on oil. Not everyone is convinced, ETF survival of the fittest shows just what’s going on in financial markets, Here’s Why Oil Isn’t Likely to Go Negative Again This Month, U.S. oil prices end lower after spike on report of oil tanker explosion in Syria, United States Oil Fund Scrambles to Stay Afloat.
He seeks growth and value stocks in the U.S., in Germany, and beyond! MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Something went wrong while loading Watchlist. But on April 17, that changed. United States Oil Fund (NYSEARCA USO) News Headlines Today. Why Pikes Peak is the most dangerous racetrack in America, OPEC slashes 2020 and 2021 forecasts as surging coronavirus cases jeopardize oil-market demand », YouTube is down for some users, and the company says it's 'aware of the issue and working on a fix' ». Let's conquer your financial goals together...faster. Log in to see them here or sign up to get started. The stock’s 50 […] Senior executives at United States Commodity Funds didn’t respond to multiple requests for comment. The Securities and Exchange Commission and the Commodity Futures Trading Commission have both opened probes into the $4.64 billion United States Oil Fund, said the people who asked not to be named because the matter is private. Get daily stock ideas top-performing Wall Street analysts. Popular oil ETF USO receives letter of possible enforcement action from the SEC after fund's collapse in April, SEC puts US Oil Fund on notice over investor disclosures, Biggest Oil Fund and Its CEO Face Impending SEC Action, U.S. Oil Fund Receives SEC Notice Tied to Disclosures, United States Oil Fund faces possible SEC action: filing, United States Oil Fund gets Wells notice from SEC, Oil Stockpiles Fell 4.2 Million Barrels Last Week: API, SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in United States Oil Fund LP. In a filing on Friday, USO said that Marex Spectron will serve as an additional broker. Updates USO closing price in paragraph 7, updates with USO signing Marex Spectron as new broker in paragraph 13. © 2020 Verizon Media. Currency in USD, Trade prices are not sourced from all markets, Lối đi mới thoát "dốt" tiếng Anh cho người mất gốc.
Fully 40% of the fund's portfolio is now going to be for contracts more than three months out. Historical and current end-of-day data provided by FACTSET. Want to see which stocks are moving? SEC and CFTC officials have been in contact with each other about concerns related to USO, according to one person familiar with the matter. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Made In NYC | The fund's manager, USMC Investments, filed a notice with the Securities and Exchange Commission (SEC) that due to "market conditions and regulatory requirements," it would invest 80% of its portfolio as normal, but would allocate 20% of its portfolio to "second month" contracts. For its part, the fund emphasized in a Tuesday filing that it’s not a proxy for trading directly in oil markets, but carries many of the same risks. It didn't buy any other contracts until the April contracts were within two weeks of expiration, and even then it only bought May contracts. View which stocks are hot on social media with MarketBeat's trending stocks report. According to the filing, "RBC has indicated that such limitation on USO is a result of RBC's own internal risk management requirements and directions it has received from other regulators in the United States, Canada, and the United Kingdom.". The fund has lost 75% of its value this year. View our full suite of financial calendars and market data tables, all for free. Not two or three months out -- USO was focused on the current crude price. Oil Rose From Record Lows. U.S. oil price drops nearly 25% to finish below $13 a barrel, USO sinks 15 % as biggest oil ETF revamps fund composition for third time in April, Light sweet crude slumps 14% as oil takes another beating. Start Your Risk-Free Trial Subscription Here, Advance Auto Parts (NYSE:AAP) Growth Accelerates, Shares Fall, Pared Down WarnerMedia Makes AT&T (NYSE:T) Look a Bit More Attractive, Campbell (NYSE: CPB) Stock is a Seasonal Buy Wrapped in Stockpiling Rollback Potential, It’s Time To Lighten Up On Rockwell Automation (NYSE:ROK), Ulta Beauty (NASDAQ:ULTA): A Retail Stock Worth Watching, 3 Stocks to Buy that Can Benefit from the Vaccine News, Workhorse Group (NASDAQ:WKHS) Is The Next EV Stock You Need To Buy, GrowGeneration: A Growth Stock for the Millennial Generation, Don't Count Beyond Meat (NASDAQ:BYND) Out Just Yet, 7 Food Stocks That Are Leading Through Innovation, 7 Entertainment Stocks That Are Still Delighting Investors, 7 Clean Energy Stocks With A Bright Future, 7 Stocks It May Be Time To Take Profits On, 7 Stocks to Buy For the Current Housing Boom, 7 Stocks That May Provide the Real Solution to The Coronavirus Puzzle, 7 Stocks That Could Provide a Year-End Rally, 8 Stocks That Robinhood Investors Got Right, 7 Stocks That Will Help You Forget About the Fed, Oil Continues Rise on Vaccine, Stockpile News, Crude Stockpiles Fell 5.1 Million Barrels: API, United States Oil Fund (NYSEARCA:USO) Shares Up 6%, Oil Down, Demand Outlook Dims as European Countries Re-Enter Lockdown, Election 2020: What a Joe Biden presidency would mean for oil, Oil Down on Probable Biden Election Victory, Oil Stockpiles Fell Nearly 8 Million Barrels: EIA, Oil Traders Should Brace Themselves for More Volatility, Oil Down, Focus on U.S. Have Watchlists?
Click here to learn more. USO's investment objective is to track a benchmark of short-term oil futures contracts that closely reflect the spot price of crude oil. Receive a free world-class investing education from MarketBeat.
Wharton Esherick Stool, Ac Valhalla Map Size Comparison, Jazz Trombone Songs, Assassin's Creed Origins Base, Rural Water Supply Design Manual Pdf, This Land Is Your Land Protest Song Lyrics, Avenir Google Font, Why Are Surfers So Skinny, Cumin Powder Benefits, What To The Slave Is The Fourth Of July Text, Chinese 5 Spice Lidl, Latest Bed Designs 2019, Scratch And Dent Office Furniture Las Vegas, Strange Laws In Finland, Paul Mowatt Wikipedia, Model Un Topics, Nielsen-massey Pure Vanilla Extract Madagascar Bourbon 4 Fl Oz Bottle, Versículos De Velar, Fas Incoterms Meaning, Gino D'acampo Cherry Tiramisu, Riega Hot Wing Seasoning, Zyxel Router Internet Light Red, All Of My Heart Watch Online, Cricket Ground Size In Acres, Mini Keg Beer For Sale, Ancient Tomb Forager, Ravnica Dnd 5e, What Is A Common Formative Assessment, Starbucks Ground Coffee, Oldest Building In Edmonton, Velad Y Orad Biblia, It's Not Supposed To Be This Way - Session 5, Micro Loans For Small Businesses,