Why United States Oil Fund moves
United States Oil Fund was roughly unchanged.
Written after the close on ·
Why today
16,413 news analyzed todayUnited States Oil Fund was roughly unchanged.
Over the same session the S&P 500 rose slightly, so the fund moved less than the market.
Over the last five trading days, the fund fell sharply, moving more than the S&P 500, which also fell sharply; that is a big move for this fund.
Today's move of +0.13% was 0.1 times a normal day's 1.8%. S&P 500 moved +0.31% on the same day.
United States Oil Fund +0.13%S&P 500 +0.31%In step with the market
What followed similar falls?
Including reinvested dividends, United States Oil Fund fell 12.1% over the latest five trading days. Since November 7, 2016, falls at least this large were followed by a higher value 21 trading days later in 5 out of 10 non-overlapping periods. The median was +1.6%, against +1.6% for an ordinary 21-day period, which ended higher 57 times in 100.
Such a fall has not said much about the next month.
+1.6% · 5/10
$10,000 in United States Oil Fund bought on November 7, 2016 is worth $18,300 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,400.
What would $10,000 in United States Oil Fund be worth today? →
What would $10,000 in United States Oil Fund be worth today?
$18,300
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,400.
At worst it was worth $2,100 (April 28, 2020).
The five biggest days of the journey
· −25.3% · the whole market fell 7.6% the same day
· −25.1% · the whole market fell 3.1% the same day
· −17.5% · the whole market fell 5.2% the same day
· +16.7% · the whole market rose 2.3% the same day
· +15.5% · the whole market fell 1.5% the same day
Earlier days
+1.93% market −4.41% United States Oil Fund rose, moving against a sharply lower market. Read →
United States Oil Fund rose, moving against a sharply lower market.
Oil bounced after its worst three-day drop since 2021, while energy stocks lagged.
Over the last five trading days the fund fell sharply, a big move for it, and the S&P 500 fell even more.
Oil prices had slid on hopes that the U.S. midterm results could speed an end to the Iran war.
Traders are still weighing those hopes against reports of continued strikes.
−8.07% market +1.65% United States Oil Fund fell as oil prices tumbled. Read →
United States Oil Fund fell as oil prices tumbled.
The S&P 500 rose sharply that day, so the fund moved against the market.
Oil prices fell hard as hopes grew that US midterm results could help end the Iran war.
The fund tracks oil futures, so its price follows that drop.
Over the last five trading days the fund fell sharply, moving much more than the market.
+0.83% market +0.30% United States Oil Fund rose slightly. Read →
United States Oil Fund rose slightly.
United States Oil Fund is an ETF that tracks oil prices, and it rose.
Over the same day, the S&P 500 also rose slightly, so the fund moved in step with the broad market rather than apart from it.
The move was an ordinary one for the fund, within its usual daily range, and no company news explains it; the oil-market news on the day is the most likely background.
Over the last five trading days the fund fell slightly, while the S&P 500 fell clearly, so the fund held up better than the market that week.
−7.08% market −0.48% United States Oil Fund fell very sharply. Read →
United States Oil Fund fell very sharply.
United States Oil Fund fell, moving well apart from the broader market on Iran peace hopes.
United States Oil Fund is an exchange-traded fund (ETF), a fund that trades like a stock and tracks oil prices, listed on NYSE Arca.
Over the same session the S&P 500 fell only slightly, so the fund's drop was much steeper than the wider market.
The move was very large, about four times a normal day for this fund, and such moves have happened roughly eleven times in the past year.
+0.38% market −1.77% United States Oil Fund was roughly unchanged, an ordinary day for it. Read →
United States Oil Fund was roughly unchanged, an ordinary day for it.
Over the same day the S&P 500 fell sharply, so the fund moved much less than the broader market.
Over the last five trading days the fund was also roughly unchanged, while the S&P 500 fell slightly.
The fund trades near its highest close of the past year, well above its lowest point in mid December.
−0.41% market −0.56% United States Oil Fund, an exchange-traded fund on the NYSE Arca that tracks oil prices, was roughly flat over the week's trading days. Read →
United States Oil Fund, an exchange-traded fund on the NYSE Arca that tracks oil prices, was roughly flat over the week's trading days.
The move was small for this fund, and trading was around its usual level.
Over the same days the S&P 500 fell slightly, so the fund moved less than the broad market.
Oil prices stayed high on Iran war fears and Middle East attacks, which kept crude near $100.
+0.97% market −0.38% United States Oil Fund rose without company news. Read →
United States Oil Fund rose without company news.
United States Oil Fund is an exchange-traded fund that tracks oil prices.
In the last session it rose slightly while the S&P 500, the broad US stock index, fell slightly.
The move was an ordinary one for this fund.
Over the last five trading days it rose slightly and moved more than the market.
+1.64% market +0.34% United States Oil Fund rose without company news. Read →
United States Oil Fund rose without company news.
The fund tracks oil prices, so it moves with crude.
Over the same session the S&P 500 also rose slightly, so the fund moved about as much as the broader market.
Oil-market news from the last session points to supply worries as the likely driver.
Reports on that day described attacks on Saudi energy targets, which raised fears of lost supply.
+4.32% market −0.52% United States Oil Fund rose sharply, against a falling market. Read →
United States Oil Fund rose sharply, against a falling market.
Oil prices surged on Middle East tensions and Brent crude topped $116, lifting oil-linked funds.
Over the last five trading days, the fund rose clearly while the S&P 500 fell slightly.
Shares of the fund reached their highest close of the past year, well above the lowest in mid-December.
Oil supply fears from shipping attacks and a US naval blockade of Iranian oil likely drove the move.
+4.80% market −0.43% United States Oil Fund, an exchange-traded fund (a fund that trades like a stock) on NYSE Arca, rose clearly over the last five trading days. Read →
United States Oil Fund, an exchange-traded fund (a fund that trades like a stock) on NYSE Arca, rose clearly over the last five trading days.
Oil prices climbed on fears of escalating conflict in the Middle East, which threatened supply through key shipping routes.
The S&P 500, a broad index of large US companies, fell slightly over the same days, so the fund moved against the market.
Oil rose on the Middle East escalation and a fund tracking oil prices benefits directly from that move.