U.S. Sanctions on Venezuela: President Trump has escalated tensions with Venezuela by ordering a blockade of sanctioned oil tankers and designating the Maduro regime as a foreign terrorist organization, putting approximately 30% of Venezuela's oil shipments at risk.
Impact on Oil Prices: Following these developments, U.S. crude futures rose over 1% after-hours, despite a recent decline in regular trading, with prices nearing critical technical levels that could test the $50 mark.
Market Reactions: The energy sector faced significant declines, with seven of the ten biggest decliners on the S&P 500 being energy-related stocks, reflecting the bearish trend in oil prices.
Natural Gas Futures: U.S. natural gas futures also fell, closing at their lowest since late October due to a reduced outlook for demand related to late December weather conditions.
Wall Street analysts forecast USO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast USO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 73.340
Low
Averages
High
Current: 73.340
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
