United States Oil Fund LP·Financial Services

Oil traders are cautious ahead of the key event of the week.

The sharp hit to global oil production from the Iran war is poised to flip the oil market into a supply deficit this year, analysts say, a huge swing in forecasts that erases previous expectations of comfortable oversupply.

The crude oil markets are currently watching to see how the ceasefire talks go over the weekend.

A U.S. delegation is set for talks with Iran on Saturday as part of the cease-fire, however Israel has continued to attack Lebanon, endangering the agreement

WTI Crude rebounds from $91 support as buyers defend the long-term ascending trendline. Discover why a higher-low structure could signal a recovery toward $105.

The US March CPI report makes the airwaves today at 12:30 pm GMT and will be widely watched.
USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.
Financial Services
Asset Management
2006-04-10
2.07
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