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News 2026-09-16 17:46 UTC

United States Oil Fund (USO) Drops Wednesday: What's Going On?

Shares of the United States Oil Fund (NYSE: USO ) are trading lower Wednesday afternoon, pulling back from recent 52-week highs, as a confluence of diplomatic developments, logistical workarounds and domestic inventory builds cooled off supply disruption fears ahead of the Federal Reserve’s afternoon interest rate deci

News 2026-09-16 16:33 UTC

Crude Oil Down Over 3%; US Business Inventories Surge In July

U.S. stocks traded mixed midway through trading, with the Dow Jones index falling around 0.1% on Wednesday. The Dow traded down 0.07% to 52,058.51 while the NASDAQ climbed 0.72% to 26,168.28. The S&P 500 also rose, gaining, 0.33% to 7,610.98. Leading and Lagging Sectors Information technology shares jumped by 0.9% on W