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USO News30 articles
US Payrolls Surge to 165K in October; Prior Months Revised Up
US employers added 165,000 jobs in October, with upward revisions boosting the three-month average to 137,000. Unemployment fell to 4.1%.
Oil Prices Slide Despite Sharp Drop in U.S. Distillate Inventories
Oil prices fell Wednesday despite a U.S. inventory report showing a sharp draw in distillate supplies. WTI dropped $2.19 to $93.90, while distillate stocks fell 3.6 million barrels.
Stocks Rebound as Oil Prices Slide; Manufacturing Costs Still Climb
U.S. stocks rebounded Monday as oil prices plunged, but a factory survey revealed widespread cost increases, casting doubt on the relief rally.
NASA's 2026 El Niño Map Mirrors 1997 Pattern, Boosting Forecast Confidence
NASA's latest sea-height comparison reveals striking similarities between the current El Niño and the 1997 event, while NOAA forecasts an 83% probability of a strong-to-very-strong episode through early 2027.
FTSE 100 Wavers as Inflation Surprises and Oil Tops $110
UK inflation accelerated more than expected in September, while oil prices surged above $110, creating a split for FTSE 100 investors. Energy giants benefit, but domestic-focused stocks face headwinds.
Small Caps, Healthcare Drive S&P 500 Higher; Tech Lags
U.S. stocks reversed early losses by midday Tuesday, with small caps and healthcare leading while technology lagged. The S&P 500 rose 0.37%.
S&P 500 Gains Mask Weak Breadth as Yields Pressurize Equities
S&P 500 up 0.59% but equal-weight index down 0.28%; tech and consumer discretionary lead, utilities and real estate fall as 10-year yield hits 5.148%.
Nasdaq Rebounds as Chip Stocks Rally, but Market Breadth Stays Thin
Nasdaq rises 0.87% as chip stocks rebound, but breadth is weak with fewer than half of stocks advancing. Dow slips 0.15%.
Oil's Surge Puts Earnings Season's Pricing Power to the Test
With Brent above $100, investors are scrutinizing which companies can pass on higher costs. Key earnings from GM, Netflix, Tesla, and Meta will test margin resilience.
Tech Selloff Defies Falling Yields; AI Capex Scrutiny Looms
The Nasdaq fell 4.5% even as yields declined, signaling a shift from rate concerns to earnings quality. AI spending and margins will be tested as major tech earnings arrive.
Broad Market Rally Lifts Dow 1.1%, Russell 2000 Up 1.4%
Stocks closed broadly higher Thursday, with the Dow up 1.08% and Russell 2000 up 1.38%, while tech lagged. Falling Treasury yields and a 1.3% monthly PPI increase shaped the session.
S&P 500 Bounces Back as Yields Slip, Healthcare Surges
The S&P 500 reversed early losses by Thursday afternoon, buoyed by falling Treasury yields and a 2.6% surge in healthcare, while tech remained weak.
AI Selloff Weighs on S&P 500 as Broader Market Shows Strength
S&P 500 slips 0.5% despite broad gains as AI stocks tumble. Producer prices jump 1.3%, retail sales rise, but yields ease, hinting at rotation.
AI Selloff Widens Nasdaq-Dow Gap to Three-Month High
The Nasdaq dropped 1.88% on AI selling while the Dow slipped 0.09%, marking the widest gap since July. Inflation data and rate concerns drove the split.
Inflation Shock Sinks Nasdaq, Defensive Stocks Outperform
U.S. stocks slid Wednesday after a hotter-than-expected inflation report sent Treasury yields higher, hitting tech shares. Defensive sectors outperformed as investors sought shelter.
S&P 500 Rallies as Broad Gains Offset Telecom Rout
U.S. stocks closed higher Friday, with the S&P 500 up 0.59% to 7,811.54, just shy of its record, as broad participation outweighed a sharp drop in telecom stocks.
Oil Spike Jolts Markets: Nasdaq Slips as Energy Surges
Brent crude surged 4.4% to $104.63 after explosions in Riyadh, lifting energy shares 2.3% while tech and airlines slumped. Fed's Waller signaled possible further rate hikes.
S&P 500 Retreats from Record as Treasury Yields Climb Past 5.36%
The S&P 500 slipped 0.62% from its record as the 10-year Treasury yield touched 5.36% and oil prices firmed, with investors awaiting the Fed minutes and a 10-year auction.
S&P 500 Hits Record, Then Retreats Ahead of Fed Minutes
The S&P 500 set a record close Tuesday but slipped from its peak as yields stay elevated. Investors eye Fed minutes and Q3 earnings.
Utilities Rally Powers S&P 500 to New Heights as Small Caps Lag
The S&P 500 rose to a record close as utilities led gains on a nuclear power deal, while small caps fell and oil rebounded above $100.
M&A Surge Broadens S&P 500 Rally Despite 5.33% Treasury Yield
Software stocks rallied on PTC's $22.6B acquisition, lifting the S&P 500 within 0.6% of its record. Treasury yields hit 5.33%, but oil's decline eased inflation fears.
Mixed Open as ISM Price Surge Caps Nasdaq Rally
U.S. stocks opened mixed Monday as a 5.30% 10-year yield and rising ISM prices tempered gains. Nasdaq rose 0.5%, while Dow slipped. PTC surged 34.8% on Schneider's $22.6B bid.
Bond Yields Steal the Show as Tech Rally Masks Broad Market Weakness
U.S. stocks closed a mixed week with tech leading gains, but the 10-year Treasury yield's rise to 5.28% puts the spotlight on Fed minutes and economic data this week.
UK Diesel Hits Fresh Peak at 199.18p, Nearing £2 Mark
UK diesel prices reached a new record high of 199.18p per litre, just below the £2 mark, as supply concerns and refinery closures push costs up.
Oil's War Premium Fades, Gasoline Surges 2.1%
Oil prices slipped below $100 as Saudi Arabia restarted a key pipeline, but gasoline futures jumped 2.1%. Distillate inventories remain tight, keeping fuel prices elevated.
Stock Futures Rally as Oil Slump Offsets Treasury Yield Pressure
US stock futures advanced Monday as lower oil prices and constructive US-China talks improved risk appetite, with Nasdaq-100 futures up 1.09% despite the 10-year Treasury yield hovering near 5%.
S&P 500 at 7,650 Faces New Test as 10-Year Yield Hits 5%
S&P 500 ends week flat at 7,650.50 as 10-year Treasury yield hits 5%, pressuring valuations. Narrow rally and Fed's hawkish stance set stage for key earnings and housing data.
Hormuz Shipping Surges to Six-Month Peak, Yet Brent Holds $14 War Premium
U.S.-supported transits through Hormuz hit a six-month high, but Brent's $14 premium over fair value persists amid supply concerns.
Satellites: The Invisible Force Shaping Modern Financial Markets
Satellites are crucial to financial markets, providing precise timing for trades and Earth observation data that informs commodity forecasts and insurance models.
Hormuz Shipping Lull Spurs Brent Slide Below $99
Brent crude slipped below $99 as Hormuz ship crossings hit a low of four, yet the market's resilience suggests traders aren't pricing a total shutdown. Key signals to watch.