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Yahoo
16 minutes ago
- Yahoo
OPEC Turns The Output Tap On: What It Means For Oil ETFs
Oil-focused ETFs came under pressure this week after OPEC+ announced plans to boost production starting in September, raising fresh concerns over an oversupplied market. USO ETF is in the red today. Check its prices live, here. The cartel will unwind the last leg of its voluntary production cuts, adding roughly 547,000 barrels per day back into global supply, reported Bloomberg. The move weighed on crude prices and hit popular oil ETFs tied to near-term futures contracts. Also Read: Futures-Heavy ETFs Take A Hit ETFs like the United States Oil Fund (NYSE:USO) and United States Brent Oil Fund (NYSE:BNO) fell over 5% in the past week when speculations began. Both funds track front-month oil futures and are vulnerable in a contango environment, when futures contracts are priced higher further out, eroding returns on rollovers. Leveraged products such as the ProShares Ultra Bloomberg Crude Oil (NYSE:UCO) also saw outsized losses, down about 10% in the past week, reflecting amplified exposure to daily moves in crude prices. Also Read: Alternative Strategies Show Resilience Not all oil-linked ETFs suffered. Funds using optimized roll strategies or offering equity exposure to energy companies held up better. Equity-based funds like the Energy Select Sector SPDR Fund (NYSE:XLE) and VanEck Oil Services ETF (NYSE:OIH) were more insulated, losing around 1.7% during the same period, with underlying holdings such as ExxonMobil Corp (NYSE:XOM) and Halliburton Co (NYSE:HAL) expected to benefit from increased drilling activity. Geopolitics Add Another Layer Of Risk The OPEC+ move comes amid rising geopolitical tensions, with reports suggesting the U.S. may consider secondary sanctions on China for importing Russian crude, like it just did for India. Investors seeking to reduce exposure to such risks may look to globally diversified resource ETFs. The SPDR S&P Global Natural Resources ETF (NYSE:GNR) and FlexShares Global Upstream Natural Resources ETF (NYSE:GUNR) offer broader exposure to energy and commodities worldwide. Outlook As oil markets digest the upcoming supply increase, ETF investors may consider shifting strategies. Futures-heavy funds could continue to face headwinds, while equity-based or globally diversified funds may offer more stability in the months ahead. Read Next: Photo: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article OPEC Turns The Output Tap On: What It Means For Oil ETFs originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
CNET
17 minutes ago
- CNET
Moft's Fold Flat Accessories Are a Massive 30% Off in Time for Back-to-School Season
It's back-to-school season, and many parents and students are looking for everything they need for a successful academic year. This includes basic supplies, tech and accessories that can help you optimize workspaces and dorm rooms. If you need a new sturdy phone case, computer stand or creator accessory that helps you get the most out of tech, then Moft's accessories might be a great option for you. They're reducing the cost of select accessories by up to 30% right now, and their accessories fold flat, come in lots of colors and help you protect your big tech investments. These deals are live until August 31. Moft's deals include their MagSafe compatible FlexKit for just $59, which saves you $21 over its regular price of $80. The kit includes a tripod and wallet that seal shut. The tripod can raise the phone up to eight inches while the wallet holds up to two cards. It doubles as a grip whenever you're on the go so you can hold the phone more securely. Hey, did you know? CNET Deals texts are free, easy and save you money. Moft is also offering their Creator Kit for iPhone 15 Pro, iPhone 15 Pro Max, iPhone 16 Pro and iPhone 16 Pro Max for just $120, which saves you $30. Creators kits are slightly different for iPhone 15 vs. iPhone 16, so check the components when you make your selection. Other discounts include savings of two for 15% off when you any two lanyards, tripods, wallets or cases. Their smart desk mat is now down to $159, which saves you $28. It's essentially a portable desk for your laptop or tablet and comes in black, blue or siena brown. Looking for back-to-school purchases but not sure if these are for you? We've got a list of the best back-to-school picks. Why this deal matters Moft sells lanyards, cases, smart desks and other tech accessories that make it easier for you to travel or get to work in a compact space. That makes these accessories great for dorm rooms, working out of the living room and more. Plus, these are also fantastic accessories for adults on the go, content creators and frequent travelers. With discounts as high as 30%, now is a great time to stock up on MOFT accessories.
Fast Company
17 minutes ago
- Fast Company
McDonald's made a Q2 comeback with the weirdest menu in years
McDonald's golden arches are gleaming again. The ubiquitous fast food chain reported perkier sales in its most recent quarter, buoyed by deals and other promotions designed to bring wayward customers back into the fold. In its second quarter ending on June 30, McDonald's global same-store sales were up 3.8%. At U.S. stores, sales rose 2.5% as the average customer bought more per order, according to the company. The sales numbers beat estimates and reversed four quarters of dropping same-store sales for the fast food giant, which has been scrambling to again make its brand synonymous with a low cost meal. With inflation still looming and Trump's unpredictable barrage of tariffs sowing economic uncertainty, McDonald's is navigating some choppy waters. While everyone eats at McDonald's to some extent, the company's business is particularly driven by low-income customers who visit the chain much more often. When menu prices go up, those customers vanish or visit less frequently – and a meaningful chunk of the company's sales go with them. In the first quarter of 2025, McDonald's saw its worst sales drop since the lockdown phase of the pandemic kept its customers at home. 'Reengaging the low-income consumer is critical as they typically visit our restaurants more frequently than middle- and high-income consumers,' McDonald's CEO Chris Kempczinski said on the company's earnings call, noting that this situation is pronounced in the U.S. 'With the low-income consumer, despite improvements in wage gains, real incomes are down… that absolutely is going to put pressure on visits into the [quick-service restaurant] industry.' Kempczinski mentioned that rising 'anxiety and unease' among low-income consumers coupled with real financial shortcomings pressures Americans to spend less. He touted McDonald's progress on low-cost options for the company's quarter, but said the split nature of its customer base meant it isn't out of the woods yet. McDonald's menu meets the moment McDonald's has quite a few levers to pull to bring once-loyal customers back under the golden arches. A $5 meal deal introduced last year courted cash-strapped customers with a McDouble or McChicken sandwich, a small soft drink, small fries and a four-piece order of nuggets. At the beginning of the year, the chain launched a 'Buy One, Add One for $1' option to tack an extra menu item onto an order on the cheap, though that option has proven less enticing than the $5 deal. McDonald's also saw strong momentum from its Minecraft-themed meals tied to the upcoming film release, which included collectible toys and in-game digital perks—another example of the brand's growing interest in digital crossovers designed to energize Gen Z diners. In June, McDonald's announced the return of the Snack Wrap, an affordable, self-contained snack of legend that customers had been clamoring for ever since it left the menu back in 2016. That $2.99 double shot of affordability and nostalgia whipped Snack Wrap fans into a frenzy, briefly leaving the chain short on lettuce when it hit stores in July. If the Snack Wrap's appeal is all about simplicity, McDonald's is turning to maximalism for another menu experiment. Apparently not deterred by the grisly Grimace shake TikTok trend of 2023, the company will roll out a limited edition candy-colored blue and pink shake in mid-August. The shake's flavor is a mystery and its appearance is apparently inspired by the topography of McDonaldland, the fantastical home of Ronald McDonald, the Hamburglar and Grimace (may he rest in peace).. The new McDonaldland Meal will come with a quarter pounder or 10-piece McNuggets, fries and a collectible souvenir tin that McDonald's marketing department guarantees is 'sure to unlock core memories.' Between the unnatural colors and a mystery flavor designed to inspire reaction videos, McDonald's latest exercise in synthetic nostalgia is squarely aimed at the younger TikTok crowd – a vital market segment the company needs to court to remain the undisputed king of fast food.
