$USO

The U.S. Strategic Petroleum Reserve fell to 282.6M barrels, the lowest since 1982. Gasoline prices averaged $3.472/gallon under Trump, slightly higher than $3.471 under Biden. Brent crude settled at $115.81, WTI at $101.76. USO ETF dropped 1.97%, while XLE ETF rose 0.43%. The reserve's decline may impact oil price stability.

The U.S. drilling rig count remained steady at 603 for the second consecutive week, according to Baker Hughes' latest survey. The number of active oil rigs increased by 1, while gas rigs decreased by 1. This data may impact investors in energy-related ETFs like USO.

Oil prices declined on Monday as US sanctions on Russian oil were eased, with Brent crude settling at $109.55/barrel, down 0.3%. The USO fund tracking US crude fell 0.59%. Petrobras, Ecopetrol, and YPF, major Latin American oil producers, also saw declines in New York trading, with Petrobras down 1.69%. The article discusses the impact of sanctions, shipping attacks, and local politics on oil prices and related stocks.

Oil prices rose 2.55% to $147.58 as Hurricane Isaias shut 1.28M bpd of US Gulf production. Petrobras gained 2.92% to $24.69, Ecopetrol 1.86% to $16.94, YPF 0.85% to $49.90. OPEC+ kept Nov targets unchanged. WTI settled at $91.49, Brent at $104.28. Supply disruptions and Trump's Iran post influenced markets.

USO and UCO, oil-related ETFs, rose 4% and 3.8% respectively, reaching over one-month highs. Reports of attacks on Iranian infrastructure sparked supply disruption concerns, driving oil prices above $105. USO has gained 108% YTD, while UCO has surged 183%. Retail sentiment on Stocktwits was bearish for USO and bullish for UCO.

Short interest in U.S. airlines has risen from 8% to 13% of float, with JetBlue (JBLU) seeing the largest increase. S3 Partners attributes this to the inverse relationship between airline stocks and oil prices since the Iran war began. American Airlines (AAL) and Alaska Air (ALK) also saw significant increases in short interest. S3 notes that short sellers are effectively betting on sustained high oil prices. Fuel costs are the airlines' largest risk due to volatility.

The stock market rose premarket after a weaker-than-expected jobs report, with nonfarm payrolls at 29K vs. 84K consensus. Analysts suggest this reduces the likelihood of a Fed rate hike in October. Oil prices fell due to a proposed EU release of reserves and potential U.S. diesel export bans. Early trading showed positive money flows in major tech stocks like AAPL, AMZN, and TSLA, as well as in SPY and QQQ.

Brent crude closed at $102.31, up $4.28, and US crude at $92.87, up $2.45, due to supply shocks and geopolitical tensions. USO rose 3.00%, XLE gained 1.93%, and Chevron added 1.45% to $207.18. Iran talks broke down, and a third US aircraft carrier is heading to the Middle East. China halted fuel exports, impacting diesel prices.

United States Oil Fund, LP (USO) filed an SEC Form 8-K — Regulation FD Disclosure. Exhibit 99.1 United States Oil Fund, LP Monthly Account Statement For the Month Ended August 31, 2026 Statement of Income (Loss) Income Realized Trading Gain (Loss) on Commodity Futures $ 115,732,046 Realized Gain (Loss) on Swap Contracts 8,143,856 Unrealized Gain (Loss) on Marke

Oil prices rose on Monday after President Trump rejected Iran's proposal to reopen the Strait of Hormuz. WTI settled at $92.60, up 0.2%, and Brent at $105.28, up 0.9%. Petrobras and Ecopetrol shares increased, while YPF declined. The US Oil Fund also gained. The situation remains volatile, with talks and supply factors influencing prices.