BNET Industries
United States Oil Fund LP (USO) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $290.7M
- Profit
- Dec 31 2007
- $284.4M
- Market Cap
- Dec 02 2008
- $762.3M
Latest News and Analysis
Commodities: Future ETFs Worth Investing In
Todd Sullivan submits: I have been getting a bunch of emails lately about commodities. The following excerpt from Roubini's RGE Monitor was emailed to me yesterday: Today we turn our attention to commodities, which have been badly battered by the global financial crisis, deleveraging and a worsening economic outlook,...
Peak Oil's Bell Is Ringing
Praveen Jaiswal submits: “Our ignorance is not as vast as our failure to use what we know”. -- M. King Hubbert by Praveen Jaiswal
Wednesday Market Roundup: Pessimism Remains Palpable
Jordan Kahn submits: The market declined steadily throughout the session Wednesday, amid more negative news on the consumer, and continued concerns about the global economy. Best Buy BBY slashed its earnings guidance after management said that since mid-September, changes in consumer behavior have created the most difficult climate the...
Sign of a Crisis Market: Asset Correlations Remain High
Brett Steenbarger submits: Here we see the bottom patterns for oil (USO; top chart), euro futures middle chart, and S&P 500 futures bottom chart. These moved in unison to the downside, and now are pretty much lockstep to the upside. One characteristic of crisis markets is that correlations among...
Hedge Fund Deleveraging Likely to Continue
David Enke submits: Banks are continuing to ask for more collateral to back past hedge fund lending, causing more funds to liquidate their positions see WSJ article. When added with investor redemption, bank-induced liquidation is forcing hedge funds to step-up their deleveraging. Such selling is continuing to put pressure...
The Next Bubble
Jason Schwarz submits: Famed scientist Liberty Hyde Bailey was quoted as saying, "Every decade needs it own manual." What does the investment manual say about this decade? It says we have gone from one bubble to the next with each burst leaving us worse off than before. Tech hasn't even...
Will the Saudis Break Ranks with OPEC? And Will It Matter to Oil Pricing?
David Enke submits: OPEC's recent decision to cut production may not have the impact that is usually expected see NY Times article. Reports are, that Saudi Arabian officials have assured world markets that they would ignore their own cartel members and continue to pump oil. While agreeing with the...
Commodities in Bear Market Mode
For a very long time, commodities were in a protracted bear market. Each time prices went up, they hit the top of a wide channel and were pushed down… until 2004 when the CRB broke above the channel and went on a wild ride. More and more the bull...
Commodities in Bear Market Mode
For a very long time, commodities were in a protracted bear market. Each time prices went up, they hit the top of a wide channel and were pushed down… until 2004 when the CRB broke above the channel and went on a wild ride. More and more the bull...
Markets Are 'Free Fallin'
Macro Man submits: Another day, another disappointing lack of collapse in European equity markets. While Macro Man is trying not to tick watch and remains firmly committed to the bear trade on a medium term basis, he has to concede that the lack of instant gratification has been frustrating...
Commodities Meltdown as Dollar Surges
Mike Havrilla submits: The accompanying three-month chart illustrates a steadily strengthening US Dollar UUP along with a broad-based meltdown in the prices of commodities. The U.S. Oil USO and Natural Gas UNG Funds are down over 20% and 40%, respectively, while SPDR Gold Shares GLD and PowerShares DB Agricultural Commodities...
Gold Hammered, Oil Slicked: Is This the End of the Resource Boom?
J. Christoph Amberger submits: Crude oil prices are a hurricane stand-down away from breaking through $100... and gold is about to hit $750! What should you do as the commodities boom crumbles? These days, I watch my stock portfolio with a sense of pain and excitement. Pain because...
Rough Seas Ahead?
Jim Kingsdale submits:Newsletter #18September 7, 2008Rough Seas This is just simply tough, this business of unwinding the radically leveraged bets of unregulated financial institutions - investments banks and hedge funds - and the unregulated bets of radically leveraged institutions - banks, Freddie, Fanny. Bear may be followed by Lehman. Now...
Why It's Going to Be a Long Recession
Jim Kingsdale submits: Number of Stocks: 53 long Concentration: Top 5 holdings = 32% of total Percent Long: 82.7% Percent Short: 0% Top 5 Holdings,in order: Sociedad de Chile SQMCanadian Oil Sands Trust - COSWF oil sandsDiamond Offshore...
Oil, Stock, and Housing Declines
Hickey and Walters Bespoke submit: Ironically, oil is now down more than the stock market and even home prices! From their peaks, oil is down 27.18%, the S&P 500 is down 22.16%, and the S&P/Case-Shiller 10-City Median Home Price index is down 20.46%. click...
Options Trader: Friday Outlook
Phil Davis submits: It is ALL about oil. Now the goons on CNBC are trying to tell you that declining oil prices signal some sort of problem in the global economy and that is true - for their parent company GE GE, which makes Billions of dollars building...
The $64 Trillion Question: What's the Dollar Really Worth?
Marc Courtenay submits: It appears that everybody and their cousin believes the dollar is going to stay up and be virile like a tired old man who takes his viagra every four hours. by Marc Courtenay
Theoretical Declines of a Bursting Oil Bubble
Hickey and Walters Bespoke submit: We've compared the rallies of the tech and homebuilder bubbles with the rally in oil plenty of times here. Below we highlight the returns from trough to peak of the three asset classes during their respective bubbles. As shown, the Nasdaq went up...
Sarah Palin: Wall Street's Candidate
Jason Schwarz submits: Everyone's talking about Sarah Palin. Thank goodness for investors, she is pro Wall Street. Her Wednesday night RNC speech struck a cord with businesses across the country. This self proclaimed 'gal from Alaska' is already shaking things up with the substance that she offered up on important...
Financial Roundtable: Four Stocks To Buy Now
J. Christoph Amberger submits: Every month, TFN's Financial Roundtable gathers the market's top financial editors to provide perspective on the dominant trends in the world markets. After July's meeting of the minds with Money Morning's Bill Patalon and Martin Hutchinson (Financial Roundtable: Top financial analyst predicts $225 oil and...
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- Incorporated: 2005
- CEO: Nicholas D. Gerber
United States Oil Fund is a commodity pool that issues units that may be purchased and sold on the American Stock Exchange. Co. invests in futures contracts for West Texas Intermediate light, sweet crude oil, as well as other types of crude oil, heating oil, gasoline, natural gas and other petroleum-based fuels that are traded on the New York Mercantile Exchange, ICE Futures or the U.S. and foreign exchanges. Co. also invests in other oil-related investments, including cash-settled options on Oil Futures Contracts and over-the-counter transactions that are based on the price of oil and other petroleum-based fuels, Oil Futures Contracts and indices based on the foregoing.
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United States Oil Fund LP Company Info
Board of Directors
Nicholas D. Gerber
Howard Mah
Andrew Ngim
Robert Long Nguyen
Peter M. Robinson
Malcolm R. Fobes III
Gordon Lloyd Ellis
Contact Information
1320 Harbor Bay Parkway, Suite 145
Alameda, CA
http://www.unitedstatesoilfund.com
510 522-3336
NAICS Code
Commodity Contracts Brokerage: 523140Brought to you by IBM
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