$USO

United States Oil Fund
ETF
150.01
+1.68 · +1.13%
WATCH

Analyst Views on $USO

23 Analysts Bullish · 3 Analysts Neutral · 17 Analysts Bearish
Bullish 166
Editorial Representation of David Keller David Keller BULLISH Moderate
Week 3h

WTI crude is pushing higher above $93 a barrel, while Brent remains above $100 and energy is the commodity market’s lone strength.

$USO
Editorial Representation of Bob Elliott Bob Elliott HIGHER Strong
Month 14h

Oil supply moving through Hormuz via high-risk ship-to-ship transfers carries a $30–$40 per-barrel surcharge, raising the cost of incremental barrels reaching market.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Strong
Week 15h

Oil was bought heavily on sale last week, reiterating a constructive near-term view despite the recent price pullback.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Year 18h

Oil remains a long position as older supertankers command record prices above new builds, signaling tight shipping capacity and sustained crude-market strength.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Year 20h

Oil remains a long position as Middle East-to-Asia supertanker freight rates have surged 1,100% this year, from roughly $100,000 to $1.2 million per day.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 22h

Oil prices face continued upside risk as Iran reportedly targeted 19 vessels transiting the Strait of Hormuz over the last two days.

$USO
Editorial Representation of Charlie Bilello Charlie Bilello HIGHER Strong
Month 23h

U.S. gasoline prices average $4.48 per gallon, the highest for this point in September and 42% above a year ago.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Month 1d

Oil prices could explode higher as Iran may withdraw its temporary Hormuz access, creating a renewed supply shock that threatens broader markets.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Week 1d

Oil could spike if Iran withdraws temporary passage for Saudi oil through Hormuz after its leverage strategy fails.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 2d

Oil faces immediate upside pressure as the Strait of Hormuz is effectively closed, with tanker traffic falling from 45 vessels last year to zero on September 25.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 3d

Oil faces near-term upside pressure as the Strait of Hormuz is effectively closed, with September 23 tanker traffic falling from 62 last year to one.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 3d

Oil should remain long as the Iran conflict and lack of a credible U.S. exit plan sustain upside pressure on crude prices.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider BULLISH Strong
Month 4d

Higher petroleum prices increase energy importers’ dollar requirements, intensifying currency pressure and reinforcing the broader dollar funding shock.

$USO
Editorial Representation of David Keller David Keller BULLISH Strong
Week 4d

Crude oil retains bullish momentum after a reversal, moving above its 38.2% retracement and heading back toward $100 per barrel.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Moderate
Week 4d

Oil is on sale this week, framing current weakness as a tactical opportunity for prices to rebound from depressed near-term levels.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Strong
Year 4d

Brent oil remains a long-standing position rather than a fresh call, as the broader energy bull market continues to strengthen.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider BULLISH Strong
Month 5d

Higher energy prices are pressuring households and corporate margins while raising AI infrastructure operating costs, intensifying broader strains across credit markets and investment spending.

$USO
Editorial Representation of David Keller David Keller BULLISH Moderate
Week 5d

Crude oil's bullish engulfing reversal pattern suggests higher crude prices over the next one to three bars through this week.

$USO
Editorial Representation of Darius Dale Darius Dale BULLISH Strong
Month 5d

Crude oil will likely continue gradually trending higher if the United States refuses to exit the Strait of Hormuz conflict.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 5d

Diesel prices have reached record highs, raising fuel costs for domestic agriculture and logistics, including corn and soybean farm expenses versus last year.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Moderate
Week 6d

Oil is turning higher in the near term, signaling a tactical upside move rather than a longer-term forecast.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 6d

Gulf chokepoint closures are driving sharply higher diesel, jet fuel, and gasoline prices, signaling near-term upward pressure on oil markets.

$USO
Editorial Representation of Jurrien Timmer Jurrien Timmer BULLISH Moderate
Month 7d

Energy markets remain under severe stress, supporting higher oil prices over the seasonal trough expected to last another four weeks.

$USO
Editorial Representation of Mohamed El-Erian Mohamed El-Erian BULLISH Moderate
Week 7d

Refined product markets are moving higher despite lower international crude prices, with diesel above $6.50 per gallon and regular gasoline near $4.50.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Strong
Week 7d

Oil remains in an obvious bullish trend despite a correction from the upper end of its risk range, retaining favorable near-term momentum.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Year 8d

Oil faces an outright global shortage as markets shift from deficit conditions, supporting a long-standing bullish oil position.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 8d

Oil prices should rise as France’s fuel shortage spreads and emergency stockpiling accelerates amid the Iran conflict’s disruption to European energy supplies.

$USO
Editorial Representation of Mohamed El-Erian Mohamed El-Erian BULLISH Moderate
Week 8d

Energy pressures are rising as global markets enter the new week, adding a near-term upside impulse for oil prices.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 8d

Diesel and refined products should remain supported after US diesel prices reached record highs and ExxonMobil’s Joliet refinery outage removed roughly 6% of Midwest refining capacity.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider BULLISH Moderate
Month 9d

Diesel faces a real risk of rising toward $8, $9, or $10 per gallon as global refining disruptions, low inventories, and winter demand tighten finished-fuel supply.

$USO
Editorial Representation of Joseph Wang Joseph Wang BULLISH Moderate
Month 9d

Oil could surge if the President escalates the Middle East war to end it quickly, creating a severely negative outcome for markets.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 9d

Crude prices remain sky high as an Iranian export blockade constrains oil flows through the Strait of Hormuz.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 9d

Oil prices should rise next month as Saudi Aramco halts crude deliveries to European refiners following pipeline attacks, tightening supplies.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 10d

Oil prices should remain higher as Trump's war of choice on Iran raises fuel costs globally, supporting a long oil position.

$USO
Editorial Representation of Mohamed El-Erian Mohamed El-Erian BULLISH Moderate
Week 10d

Refined products continue climbing as U.S. diesel reaches a fresh record $6.45 despite crude falling for three straight days, while Saudi October crude deliveries to Europe may halt.

$USO
Editorial Representation of Luke Gromen Luke Gromen BULLISH Moderate
Year 11d

Oil prices could face recurring upside shocks from Iranian attacks on oil infrastructure before Fed meetings if rates are raised into an oil supply shock.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 11d

Oil has surged to record highs near $129 a barrel following attacks on Saudi Arabia’s key pipeline, reflecting geopolitical supply disruption.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Moderate
Week 11d

Oil is undergoing a small correction off the trade-range resistance while its trend continues to signal higher highs.

$USO
Month 11d

West Texas Intermediate is unlikely to fall below $100 a barrel as prohibitively high energy costs continue pressuring American households and businesses.

$USO
Editorial Representation of Joseph Wang Joseph Wang BULLISH Strong
Month 12d

Oil prices remain elevated above $100 as the closed Strait of Hormuz and Middle East war disrupt energy flows.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Moderate
Month 12d

Venezuelan crude demand has shifted decisively toward the United States, which has replaced China as its largest buyer.

$USO
Editorial Representation of Steve Hanke Steve Hanke HIGHER Strong
Month 12d

Heating oil bills are forecast to jump 31.3% this winter, effectively creating a heating-fuel tax through elevated energy costs.

$USO
Editorial Representation of Charlie Bilello Charlie Bilello BULLISH Moderate
Month 12d

Gasoline and diesel spending has risen about $107 billion during the Iran war versus a no-war scenario, indicating materially higher US fuel costs.

$USO
Editorial Representation of David Keller David Keller BULLISH Strong
Month 12d

WTI crude oil has surged above $100 a barrel and continues accelerating higher amid Middle East events, supporting strength across the energy complex.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 13d

Oil faces immediate upside pressure as the Strait of Hormuz is effectively closed, with tanker crossings collapsing from 60 last year to one this September 14.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 13d

Oil and gas prices are rising sharply as the US war with Iran creates a worsening nationwide affordability crisis.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 13d

US diesel and refined-product prices have surged to $6.23 per gallon, up 14% in the past month and more than 60% over the past year.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Strong
Week 13d

Oil has risen another 2.5%, with Fractal Dimension signaling a return to higher highs in the near term.

$USO
Editorial Representation of David Keller David Keller BULLISH Strong
Month 14d

Crude oil should remain supported as escalating Middle East events increase pressure on global oil supply, with energy contracts rising roughly 1.5% to 2% today.

$USO
Editorial Representation of Jim Bianco Jim Bianco BULLISH Strong
Month 14d

Diesel prices are rising sharply as Russian refinery outages and reduced U.S. diesel output tighten supplies available to Europe.

$USO
Editorial Representation of Bob Elliott Bob Elliott BULLISH Strong
Week 14d

Dated Brent has already reached $120, with paper oil markets moving toward physical-market pricing and reinforcing near-term upside pressure.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Strong
Week 14d

Oil is confirming a bullish trade breakout signal, extending its advance with another 3.3% gain this morning and reinforcing the near-term upside trend.

$USO
Editorial Representation of Jim Bianco Jim Bianco BULLISH Strong
Month 14d

Crude oil faces supply-driven upside as Strait of Hormuz traffic has collapsed and Russian refinery outages constrain energy flows and finished-product output.

$USO
Editorial Representation of Jim Bianco Jim Bianco BULLISH Strong
Week 15d

U.S. diesel supplies are tightening as Europe seeks alternative sources, adding upward pressure to refined fuel prices amid the Russia-Ukraine war.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 16d

Crude oil shortages are moving upstream amid widespread geopolitical chokepoints, supporting continued gains after soaring prices and a long-standing long oil position.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 16d

Oil remains a long position as Middle East crude loadings stay about 5 million barrels per day below normal ahead of peak fourth-quarter demand.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 16d

Oil faces near-term upside pressure as the Strait of Hormuz is effectively closed, with tanker crossings falling from 31 last year to one this September 11.

$USO
Editorial Representation of Mohamed El-Erian Mohamed El-Erian BULLISH Strong
Week 16d

Oil has spiked sharply as escalating Middle East disruptions intensify pressure across global energy markets over the near term.

$USO
Editorial Representation of Joseph Wang Joseph Wang BULLISH Strong
Month 16d

Oil prices are being squeezed higher as Middle East exports decline, strategic reserves run down, and Chinese demand returns to the market.

$USO
Editorial Representation of Bob Elliott Bob Elliott BULLISH Strong
Year 16d

Oil markets increasingly recognize that the squeeze on Middle East supply is far from transitory, with March 2027 Brent reaching Iran-war highs this week.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 16d

Oil faces upward pressure as supertanker shipping costs from the Middle East to China surged to $800,000 a day from $200,000 before the Iran war.

$USO
Editorial Representation of Peter Reznicek Peter Reznicek BULLISH Moderate
Week 16d

Crude oil broke above the $93.50 resistance area early in the week and remained elevated amid Middle East tensions.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 17d

Saudi oil production will be cut to a trickle after the shutdown of the 7 million barrel-per-day East-West crude pipeline, tightening near-term supply.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider BULLISH Strong
Month 17d

WTI prices are unlikely to ease soon as tight oil markets, elevated futures spreads, distillate shortfalls, and limited inventories sustain energy pressure.

$USO
Editorial Representation of Jim Bianco Jim Bianco BULLISH Strong
Month 17d

Energy prices could spiral higher if the Fed avoids rate hikes or cuts rates, subsidizing demand amid constrained diesel supply.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Year 18d

Oil remains a long-standing bullish position rather than a fresh call, with the stance to stay long maintained.

$USO
Editorial Representation of Jason Shapiro Jason Shapiro BULLISH Moderate
Week 18d

Crude oil has moved higher as sidelined buyers who were burned previously avoid the trade, creating a double-bluff setup that leaves them wishing they had bought.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 18d

Oil prices should rise as Saudi export disruptions intensify following the effective Strait of Hormuz closure and threats to Red Sea shipping routes.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 18d

Oil faces near-term upside pressure as the Strait of Hormuz is effectively closed, with September 9 tanker crossings falling from 57 last year to seven.

$USO
Editorial Representation of Jim Bianco Jim Bianco BULLISH Strong
Month 18d

Oil prices should drift higher within months without a conflict resolution, as supply shortfalls and depleted strategic inventories cannot offset disruptions indefinitely.

$USO
Editorial Representation of Peter Reznicek Peter Reznicek BULLISH Strong
Week 18d

Oil is rising sharply with no signs of topping, indicating continued near-term upside pressure and higher crude prices into upcoming catalysts.

$USO
Editorial Representation of Peter Brandt Peter Brandt BULLISH Moderate
Month 18d

Crude oil’s rare continuation diamond pattern does not indicate that the United States is winning the crude oil war.

$USO
Editorial Representation of Mohamed El-Erian Mohamed El-Erian BULLISH Moderate
Month 18d

Oil moves and levels, if sustained or worsening, will intensify affordability pressures, weaken growth and fiscal dynamics, and increase financial-instability risks.

$USO
Editorial Representation of Mohamed El-Erian Mohamed El-Erian BULLISH Moderate
Week 18d

WTI oil has joined Brent in trading above $100 a barrel, extending the recent move higher across global crude benchmarks.

$USO
Editorial Representation of Peter Schiff Peter Schiff BULLISH Strong
Week 18d

Oil has risen above $100, signaling continued upside pressure in crude prices rather than a broad decline in commodity costs.

$USO
Editorial Representation of Peter Schiff Peter Schiff BULLISH Strong
Month 19d

Oil prices face additional upward pressure as the Iran war is unlikely to end before the midterm elections.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 19d

Oil remains a long-standing bullish position, with the established long thesis still intact despite no new price target or timing catalyst.

$USO
Editorial Representation of Brent Kochuba Brent Kochuba BULLISH Weak
Week 19d

Oil has returned as a key driver of equity prices after its relationship with $SPY shifted over the past ten days.

$USO
Editorial Representation of David Keller David Keller BULLISH Strong
Week 19d

Crude oil has broken above prior resistance after quickly clearing $80 per barrel and remains bullish near term amid Middle East conflict risks.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Moderate
Month 19d

Gasoline and diesel prices have risen enough during the Iran war to cost the average American household $763, indicating higher oil-price pressure.

$USO
Editorial Representation of Mohamed El-Erian Mohamed El-Erian BULLISH Moderate
Month 19d

Oil has joined a broad commodity price rally, with the Bloomberg Commodity Index reaching levels not seen in over a decade.

$USO
Editorial Representation of Peter Schiff Peter Schiff BULLISH Strong
Year 19d

Oil prices will be much higher by the 2028 general election after the Strategic Petroleum Reserve has been empty for more than a year.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 19d

Crude oil could reach $120 per barrel if attacks on Middle East shipping intensify, supporting a long-standing bullish oil position.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Moderate
Month 19d

Oil price pressure above $150 a barrel is already embedded in refined-product prices rather than crude, implying upside pressure for crude prices.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 20d

Oil faces near-term upside pressure as the Strait of Hormuz is, for all practical purposes, closed after tanker crossings collapsed on September 7.

$USO
Editorial Representation of Charlie Bilello Charlie Bilello BULLISH Moderate
Week 20d

WTI crude oil has risen 41% since the start of the Iran war, alongside broad increases in fuel and commodity prices.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Strong
Month 20d

WTI remains in a global Quad 3 commodity advance after gaining 9.7% last week and 23.0% over one month.

$USO
Editorial Representation of Liz Ann Sonders Liz Ann Sonders BULLISH Strong
Week 20d

Diesel prices reached an all-time high last week and have risen more than 60% since the start of the year.

$USO
Editorial Representation of Bob Elliott Bob Elliott BULLISH Strong
Month 20d

Oil prices should remain supported as a 10 million barrel-per-day supply shortfall draws inventories faster than marginal Gulf supply improvements can offset.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Moderate
Week 20d

US gasoline prices remain above $4 per gallon nationally, framing a war-tax burden on fuel costs for American consumers.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Strong
Week 20d

Oil is ripping to new three-month inflation-cycle highs, signaling continued near-term upside in crude prices as the cycle accelerates.

$USO
Editorial Representation of Charlie Bilello Charlie Bilello BULLISH Moderate
Week 21d

WTI crude oil has risen 36% since the start of the Iran war, alongside broad increases across global energy and agricultural commodities.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Month 21d

Oil could spike in September if Iran-related escalation disrupts supply amid broader Russian geopolitical escalation and market stress.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 22d

Oil faces upward pressure as fuel shortages in Iraq force consumers to scramble for gasoline and diesel amid the US-Israeli war on Iran.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider BULLISH Strong
Month 23d

Oil prices have risen sharply amid Middle East conflict, lifting fuel prices and redirecting household budgets away from discretionary purchases.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 23d

Oil prices face continued upside pressure in US trading while the Strait of Hormuz remains effectively closed to commercial shipping.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Moderate
Month 23d

Russian crude commands record premiums of up to $10 per barrel as Chinese refiners replace Iranian supply cut off by the US naval blockade.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 23d

Oil prices should rise as the war on Iran constrains Middle Eastern supplies, while Asian buyers increase crude purchases from Brazil, Canada, Argentina, and elsewhere.

$USO
Editorial Representation of Joseph Wang Joseph Wang BULLISH Strong
Week 23d

Oil prices should continue rising as additional military conflict in the Middle East adds pressure to already elevated energy markets.

$USO
Editorial Representation of Peter Reznicek Peter Reznicek BULLISH Moderate
Week 23d

Crude oil has broken its downtrend and moved above $90 per barrel, making further upside toward the prior $93.5 swing high a chart to watch.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Month 24d

Brent fair value is $100, and sanctions on China would create additional upside pressure for oil prices from current levels.

$USO
Editorial Representation of Bob Elliott Bob Elliott BULLISH Strong
Month 24d

Oil faces a bullish supply-demand setup as Strategic Petroleum Reserve releases slow, China returns to buying, and Hormuz disruptions remain unresolved.

$USO
Editorial Representation of David Woo David Woo BULLISH Moderate
Week 24d

Oil prices are likely to rise as mutual confidence in escalation between Iran and Trump creates a classic standoff setup.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 25d

Oil should remain long following President Trump’s closure of the Strait of Hormuz, which is expected to support crude prices.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 25d

Oil inventories at Cushing have fallen to 22 million barrels, barely above minimum operating levels versus roughly 90 million barrels of capacity.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Month 25d

Oil physical markets face tighter September-October supply as Japan replenishes depleted reserves, while futures pricing incorrectly signals abundance.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Month 25d

Oil is likely to move higher because conceding Iran would offer limited political payoff and reduce the incentive for pre-election de-escalation.

$USO
Editorial Representation of Darius Dale Darius Dale BULLISH Strong
Year 26d

Refined fuel products including gasoline, diesel, and jet fuel will continue trending higher as an overstimulated global economy strains reduced worldwide refining capacity.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 26d

Oil remains a long position after the US Strategic Petroleum Reserve fell 3.1 million barrels to 286.6 million, its lowest level since 1982.

$USO
Editorial Representation of David Woo David Woo BULLISH Moderate
Month 26d

Oil could spike before the midterms, despite markets treating higher crude prices as an equity headwind and betting against such a move.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 27d

Refined products face upside pressure as Tropical Storm Edouard threatens the Port Arthur refinery hub amid a global refining crisis.

$USO
Editorial Representation of Mark Newton Mark Newton BULLISH Moderate
Week 27d

WTI has climbed within striking distance of May peaks alongside $XOP reaching new 2026 highs, extending the energy rally.

$USO
Editorial Representation of Liz Ann Sonders Liz Ann Sonders BULLISH Moderate
Week 27d

Crude oil has broken above key resistance with improving momentum and above-average volume, supporting a continued breakout toward 93.5, 105, and 113.

$USO
Editorial Representation of Bob Elliott Bob Elliott BULLISH Moderate
Month 27d

December 2026 Brent has returned to highs last seen during the Iran war, signaling renewed upside pressure in crude oil.

$USO
Editorial Representation of Jim Bianco Jim Bianco BULLISH Moderate
Week 27d

Brent has risen more than 5% as the U.S. attacks the IRGC, echoing the last comparable move during an earlier U.S. attack.

$USO
Editorial Representation of Mohamed El-Erian Mohamed El-Erian BULLISH Strong
Week 27d

WTI and Brent crude have risen 5% above $90 a barrel following an escalation of US military strikes on Iran.

$USO
Editorial Representation of Peter Brandt Peter Brandt BULLISH Moderate
Year 27d

Crude oil’s CLZ2926 pattern is described as a long-standing bullish formation, signaling a structural upside thesis rather than a fresh call.

$USO
Editorial Representation of Peter Schiff Peter Schiff BULLISH Strong
Month 27d

Oil has broken above $90 and will not take long to exceed $100, a long-standing position rather than a fresh call.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 27d

Oil faces sustained upside pressure in near-term US trading while the Strait of Hormuz remains closed for all practical purposes.

$USO
Editorial Representation of Jim Bianco Jim Bianco BULLISH Strong
Week 27d

November Brent has surged roughly 4.5% after U.S. strikes on IRGC targets in Iran, reaching its highest level since May and nearing a postwar high.

$USO
Editorial Representation of David Keller David Keller BULLISH Strong
Month 27d

Crude oil has broken above symmetrical-triangle resistance, implying at least a retest of the July peak near $92 and a secondary objective around $98.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Year 28d

Oil prices have raised average annual fuel costs by $560 per driver since the Iran war began, creating an affordability crisis.

$USO
Editorial Representation of Charlie Bilello Charlie Bilello BULLISH Strong
Week 28d

U.S. gasoline prices averaged above $4.00 per gallon every day in August, setting a painful record for American drivers.

$USO
Editorial Representation of Peter Reznicek Peter Reznicek BULLISH Moderate
Week 28d

Oil is starting to run higher on Sunday, adding another source of market pressure alongside Iran and interest-rate concerns.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Week 28d

Oil faces rising near-term supply-route risk as attacks on Saudi tankers make the Red Sea as dangerous as Hormuz, squeezing two chokepoints simultaneously.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 28d

Oil remains a long position, with President Trump’s policies expected to provide continued support for crude prices over the medium term.

$USO
Editorial Representation of Mohamed El-Erian Mohamed El-Erian BULLISH Moderate
Week 29d

Oil prices opened the week more than 2% higher following reports of US military strikes in Iran, while U.S. gasoline remains above $4 per gallon.

$USO
Editorial Representation of Cem Karsan Cem Karsan BULLISH Strong
Week 29d

Brent crude has surged above $90 per barrel after U.S. strikes on Iran, raising near-term oil-market pressure around the Strait of Hormuz.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Month 29d

Oil prices are heading higher as inventories tighten, tanker routes remain constrained, and front-month Brent fair value is about $100 a barrel.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Month 29d

Brent physical conditions remain exceptionally tight despite an 8% weekly price decline, with fair value estimated near $100 per barrel.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider BULLISH Moderate
Month 30d

Elevated oil prices are raising import costs for energy-dependent economies and intensifying their need to obtain dollars for essential payments.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 31d

Oil faces immediate upside pressure as tanker traffic through the Strait of Hormuz has effectively collapsed, falling from 61 crossings last year to four.

$USO
Editorial Representation of Jim Bianco Jim Bianco BULLISH Strong
Month 31d

Oil prices remain elevated as refinery disruptions, blocked refined-product flows, and capacity constraints sustain large refinery margins and high gasoline prices.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 32d

Oil faces near-term upside pressure as the Strait of Hormuz is effectively closed, with tanker crossings dropping from 57 last year to three this year.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 34d

Brent crude oil is expected to reach $100 per barrel in the fourth quarter, supporting a continued long-standing bullish oil position.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 34d

Oil supplies face tightening pressure as the Middle East conflict chokes Strait of Hormuz flows and India’s Russian crude imports surge to record highs.

$USO
Editorial Representation of Steve Hanke Steve Hanke HIGHER Strong
Month 34d

Gasoline prices are higher because the war in Iran has disrupted energy markets and imposed significant collateral damage.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Moderate
Month 35d

Crude oil tanker traffic through the Bab el-Mandeb Strait has fallen from over six daily crossings in mid-July to fewer than three in August, increasing supply-route pressure.

$USO
Editorial Representation of Bob Elliott Bob Elliott BULLISH Moderate
Month 35d

US oil production shows no sign of increasing despite war-driven price gains, leaving inventory drawdowns as the limited avenue to bring additional barrels to market.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 36d

Oil faces near-term upside pressure as Iran controls the Strait of Hormuz and tanker crossings fell from 46 last year to five this year.

$USO
Editorial Representation of Joseph Wang Joseph Wang BULLISH Strong
Week 37d

Oil prices are rising relentlessly because of the Iran war, exerting upward pressure on long-dated yields globally and offsetting Treasury efforts to suppress them.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 38d

Oil faces near-term upside pressure as Strait of Hormuz tanker crossings fell from 63 on August 20 last year to four this year.

$USO
Editorial Representation of Jim Bianco Jim Bianco BULLISH Strong
Month 38d

Distillate shortages from reduced Russian refinery output and halted diesel exports are keeping European gasoil prices soaring, with Russia-Ukraine disruptions increasingly important for energy markets.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider BULLISH Strong
Month 39d

Fuel prices are likely to remain elevated because refinery-constrained effective supply has fallen more than demand, and cheaper crude will not lower gasoline prices until crack spreads decline.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Moderate
Month 39d

Crude oil faces increased supply-route risk as tanker traffic through the Bab el-Mandeb Strait fell from over six daily crossings in mid-July to roughly 2.5 in August.

$USO
Editorial Representation of Mohamed El-Erian Mohamed El-Erian BULLISH Strong
Week 39d

International oil prices are likely to keep rising in the days and weeks ahead, with higher pump prices already moving through the pipeline.

$USO
Editorial Representation of Bob Elliott Bob Elliott BULLISH Moderate
Month 39d

Oil retains upside potential, with administration rhetoric portraying current market and economic conditions as perfect unlikely to alter that path.

$USO
Editorial Representation of Bob Elliott Bob Elliott BULLISH Strong
Month 39d

Brent prices are marching higher toward highs as continued global supply cuts outweigh rhetoric and maintain upward pressure on crude.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Strong
Week 39d

Oil continues to break out as the anticipated fractal predicted, reinforcing a bullish near-term directional setup for crude prices.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 39d

Crude oil inventories are running toward the bottom of the barrel, setting up oil prices to come roaring back over the next two months.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Week 39d

Oil faces upside pressure as tanker traffic through the Strait of Hormuz fell from 49 vessels last year to four on August 18.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Month 40d

Oil is positioned to rise as the Iran conflict appears unlikely to end soon, with neither Trump nor Iran expected to give in.

$USO
Editorial Representation of Peter Schiff Peter Schiff BULLISH Moderate
Week 40d

Oil has risen above $86 as a weaker dollar follows lower Treasury yields, increasing commodity prices and pressure on the Fed.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 40d

Refined petroleum products such as gasoline and diesel fuel should remain supported as Ukrainian drone strikes disable half of Russia’s oil refining capacity for months.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Moderate
Month 40d

Crude oil faces upward pressure as Bab el-Mandeb tanker crossings have fallen from over six daily in mid-July to about two per day in August.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 41d

Oil prices are poised to surge as August inventories decline and shortages spread from refined products into crude oil.

$USO
Editorial Representation of Keith McCullough Keith McCullough BULLISH Strong
Week 41d

WTI has broken above $81 on trade and $83 on trend, signaling a bullish oil trend amid reflation repricing.

$USO
Editorial Representation of Peter Schiff Peter Schiff BULLISH Strong
Month 42d

Oil is expected to remain supported as the inflation trade lifts commodities alongside precious metals and bond yields while the S&P 500 declines.

$USO
Editorial Representation of Brent Kochuba Brent Kochuba BULLISH Moderate
Week 42d

Oil is moving higher, indicating continued constructive near-term momentum for crude prices throughout the current US trading session and beyond.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Strong
Month 43d

Oil prices should rise as Trump’s war on Iran squeezes global supply and leaves the U.S. Strategic Petroleum Reserve at critical lows.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider HIGHER Strong
Year 44d

Gasoline prices should remain historically expensive as refinery constraints and depleted fuel inventories persist, even while reduced Chinese demand keeps crude prices lower.

$USO
Editorial Representation of Steve Hanke Steve Hanke BULLISH Moderate
Year 45d

Oil remains the central objective in Venezuela, sustaining a long-term focus on Venezuelan crude supply and its strategic importance.

$USO
Editorial Representation of Michael Howell Michael Howell BULLISH Strong
Month 46d

Oil prices are likely to rise significantly as strong real-economy activity boosts commodity demand and the gold-oil ratio moves toward long-run mean reversion.

$USO
Editorial Representation of Michael Howell Michael Howell BULLISH Strong
Month 46d

Oil prices are likely to rise significantly as strong real-economy activity lifts commodity demand and the gold-oil ratio mean-reverts.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Month 53d

Oil is too cheap as war fatigue underestimates the likelihood that a sustainable Iran campaign escalates, supporting higher prices.

$USO
Editorial Representation of David Woo David Woo BULLISH Strong
Month 54d

Oil prices should rise because Iran's rejection of Strait control sharing raises the likelihood of escalation and makes U.S. disengagement more difficult.

$USO
Bearish 30
Editorial Representation of Peter Reznicek Peter Reznicek BEARISH Moderate
Month 2d

Crude oil may be forming a lower high and could fall back toward $86 if the pattern follows through, absent a definitive end to Iran tensions.

$USO
Editorial Representation of Keith McCullough Keith McCullough BEARISH Moderate
Week 3d

Brent crude is correcting 1.4% after a prior partial-sale signal, reinforcing a near-term bearish trading stance for oil.

$USO
Editorial Representation of Julien Bittel Julien Bittel BEARISH Strong
Month 3d

WTI crude should move lower if a Strait reopening deal lands before the midterms, while a break above $110 would delay this liquidity-driven setup.

$USO
Editorial Representation of Danielle DiMartino Booth Danielle DiMartino Booth BEARISH Moderate
Month 4d

Oil prices need to come down to provide substantial relief to US and global households facing elevated living costs.

$USO
Editorial Representation of Andreas Steno Larsen Andreas Steno Larsen LOWER Moderate
Week 5d

Oil should trade lower, not higher, because a US export ban would weaken the market’s current interpretation of the policy shock.

$USO
Editorial Representation of David Keller David Keller BEARISH Moderate
Week 6d

WTI crude is deteriorating toward $87 support as Middle East developments remain the likely headline-driven catalyst for further downside.

$USO
Editorial Representation of Keith McCullough Keith McCullough BEARISH Moderate
Week 6d

Oil is probing its lower risk range, signaling tactical near-term downside pressure despite no stated price target or catalyst.

$USO
Editorial Representation of David Keller David Keller BEARISH Moderate
Week 7d

WTI crude has pulled back sharply from above $100 and should remain a highly volatile market in the near term.

$USO
Editorial Representation of Mark Newton Mark Newton BEARISH Moderate
Year 13d

Oil prices are supply-driven and expected to decline next year, reinforcing the view that current inflation pressures remain transitory.

$USO
Editorial Representation of Steve Hanke Steve Hanke BEARISH Strong
Week 16d

Oil has not resumed flowing out of GCC countries despite US claims, signaling continued supply disruption and upward pressure on crude prices.

$USO
Editorial Representation of David Keller David Keller BEARISH Strong
Week 17d

Crude oil is flashing a dark cloud cover bearish reversal pattern after this week’s strong rally, implying short-term weakness into next week.

$USO
Editorial Representation of David Keller David Keller BEARISH Strong
Month 17d

Crude oil above $100 a barrel is an “uh-oh” range, with higher fuel costs expected to ripple through consumer behavior and travel demand.

$USO
Editorial Representation of Andreas Steno Larsen Andreas Steno Larsen BEARISH Strong
Week 17d

Oil faces a lower near-term pain trade after semi-hot CPI, alongside a weaker USD and higher equities once the initial reaction settles.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider BEARISH Moderate
Month 26d

Crude oil prices remain comparatively lower because refinery capacity cannot process enough additional barrels into the refined fuels now in shortage.

$USO
Editorial Representation of David Woo David Woo BEARISH Moderate
Week 27d

Oil prices should decline as the post-ceasefire collapse in U.S. exports signals that markets expect the Strait of Hormuz to reopen rather than remain closed.

$USO
Editorial Representation of David Woo David Woo BEARISH Moderate
Week 28d

Oil faces renewed downside pressure, with an 8% Brent decline signaling a bearish near-term move as governments have limited capacity to offset further shocks.

$USO
Editorial Representation of Joseph Wang Joseph Wang BEARISH Moderate
Year 30d

Oil prices would fall if the President reaches a peace agreement with Iran, though the timing of any agreement remains uncertain.

$USO
Editorial Representation of Steve Hanke Steve Hanke BEARISH Moderate
Year 31d

Oil’s real price is likely to fall or future barrels may become unavailable, incentivizing producers to accelerate depletion and shift output toward the present.

$USO
Editorial Representation of Keith McCullough Keith McCullough BEARISH Strong
Week 33d

Oil faces textbook investor outflows after breaking both the stated trading range and broader trend, indicating continued near-term downside pressure.

$USO
Editorial Representation of Mohamed El-Erian Mohamed El-Erian BEARISH Moderate
Week 34d

Oil prices are down another 3%, a near-term decline that is easing upward pressure on global government bond yields.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider BEARISH Strong
Month 38d

Crude oil faces further downside as China’s crude imports fell 41% year over year and refinery runs hit their lowest level since March 2020.

$USO
Editorial Representation of Darius Dale Darius Dale BEARISH Moderate
Week 39d

Brent crude oil remains bearish in the volatility-adjusted momentum and probable-range models, retaining a negative near-term price signal for crude markets.

$USO
Editorial Representation of Liz Ann Sonders Liz Ann Sonders BEARISH Moderate
Week 40d

Crude oil inventories excluding the Strategic Petroleum Reserve rose 4.4 million barrels in the week ending August 14, reaching their highest level since May.

$USO
Editorial Representation of Jim Bianco Jim Bianco LOWER Moderate
Month 42d

Oil prices are being actively managed as the administration prioritizes keeping oil and gas cheap, making crude the variable driving war-policy responses.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider LOWER Strong
Month 42d

Oil demand is collapsing as Chinese imports and refinery output decline, American gasoline consumption falls, and weak European and Chinese economies reinforce lower crude demand.

$USO
Editorial Representation of Jeffrey Snider Jeffrey Snider LOWER Moderate
Month 42d

Gasoline demand is declining during peak driving season for a second consecutive year, signaling persistent consumer and labor-market weakness consistent with recessionary periods.

$USO
Editorial Representation of Steve Hanke Steve Hanke LOWER Strong
Week 44d

Oil faces near-term supply disruption after tanker traffic through the Strait of Hormuz fell from 71 vessels last year to four on August 13.

$USO
Editorial Representation of Cem Karsan Cem Karsan BEARISH Moderate
Month 45d

Oil demand faces near-term pressure as China halves imports by drawing stockpiles, throttling refineries, cutting consumption, and substituting coal, though those measures have limits.

$USO
Editorial Representation of David Keller David Keller BEARISH Moderate
Week 45d

WTI crude oil is declining as Middle East developments imply less supply disruption and reduced upside pressure on crude prices.

$USO
Editorial Representation of Lance Roberts Lance Roberts BEARISH Moderate
Month 46d

Oil prices have recently resurged following the Iran war, creating a temporary expected increase in next month’s CPI report.

$USO
Neutral 3
Editorial Representation of David Keller David Keller NEUTRAL Neutral
Week 11d

WTI crude may be forming a short-term bottom after a hammer-like candle near $101 per barrel, but prices are consolidating rather than breaking higher.

$USO
Editorial Representation of Steve Hanke Steve Hanke NEUTRAL Neutral
Month 19d

Refined-product prices face an active crisis even as crude oil prices have not reflected the same stress, signaling a disconnect across the oil complex.

$USO
Editorial Representation of Bob Elliott Bob Elliott NEUTRAL Neutral
Week 28d

Oil supply has remained broadly stable despite Middle East shipments running about 10 million barrels per day below pre-Iran war levels.

$USO

Comments

0 REMARKS