USO - United States Oil Fund, LP

NYSEArca - NYSEArca Delayed Price. Currency in USD
25.03
+0.03 (+0.12%)
At close: 4:00PM EDT

25.21 +0.16 (0.64%)
After hours: 7:56PM EDT

Stock chart is not supported by your current browser
Previous Close25.00
Open24.84
Bid25.12 x 1100
Ask25.21 x 3000
Day's Range24.55 - 25.58
52 Week Range16.88 - 106.56
Volume8,049,596
Avg. Volume22,871,825
Net Assets3.49B
NAV24.27
PE Ratio (TTM)N/A
Yield0.00%
YTD Daily Total Return-76.27%
Beta (5Y Monthly)2.50
Expense Ratio (net)0.79%
Inception Date2006-04-10
  • WTI Oil Trades Higher, But Demand For Brent Muted, Says Commodities Analyst
    Benzinga

    WTI Oil Trades Higher, But Demand For Brent Muted, Says Commodities Analyst

    Oil prices were higher Tuesday after another strong rally in crude oil that was triggered by increased demand.On Tuesday, Brent crude futures were up 1.27% at $36.03 per barrel at the time of writing. In April, the world's major producers, including Saudi Arabia and Russia, agreed to reduce their output by nearly 10 million bpd for May and June.Speculators maintained strong buying interest in energy and metals at the expense of the agriculture sector, Saxo Bank said in the Commitments of Traders report on positions held and changes made by money managers in the week of May 19. "Top three buys were WTI crude oil, natural gas and gold, while selling was topped by corn, soybeans and wheat," Ole Hansen, head of commodity strategy at Saxo Bank, said in a note.The analyst says another strong rally in crude oil saw the combined net-long in WTI and Brent rise by 26,000 lots to 507,000 lots, a 16-week high."Seven consecutive weeks of buying has resulted in bullish WTI bets rising almost three-fold to 348,000, a 20-month high, while Brent buyers have only added 102,000 lots to 158,000. While not yet overly stretched, the amount of buying has left the market exposed should the technical and/or fundamental outlook turn less friendly," Hansen says. Interest in Brent Muted The analyst says buying interest in Brent has been much more muted."Following a four-week rally WTI crude oil has temporarily been boxed in between resistance at $35.20/bbl, the April high and support at $30.75/bbl, the uptrend from the lows," adds Hansen.Related Links:USO Tanks After Oil ETF's Temporary Trading HaltOil Prices Rebound, Analyst Says Market Faces Tsunami Of SurplusSee more from Benzinga * Oil Analyst Expects US, Canada To Help Balance Market, Dampen Prices * Slump In Crude Oil Continues To Attract Speculative Buying, Says Strategist * Oil Price Surge Driven Partly By Positive Coronavirus Vaccine News, Says Strategist(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • MarketWatch

    USO says it may have to hold larger amounts of Treasurys and cash

    The U.S. Oil Fund said in a filing to the Securities and Exchange Commission that it may be limited in its ability to buy oil futures and may be required to invest in other permitted investments including other oil-related interests and may hold larger amounts of Treasuries, cash and cash equivalents. "Significant market volatility has occurred and is continuing in the crude oil markets and the oil futures markets. Such volatility is attributable to the COVID-19 pandemic, disputes among oil-producing countries over the potential limits on the production of crude oil, a corresponding collapse in demand for crude oil and a lack of on-land storage for crude oil. These conditions have severely limited USO's ability to have a substantial portion of its assets invested in the Benchmark Oil Futures Contract and certain other Oil Futures Contracts of the same month, such as cash-settled, but substantially similar, oil futures contracts traded on ICE Futures," the fund said.

  • Are ETFs safe... for retail investors?
    MarketWatch

    Are ETFs safe... for retail investors?

    When the price of oil fell off a cliff in April, it upended some previously sacrosanct financial-market beliefs. “We always say ETFs have democratized investing and have allowed investors to access just about every asset class, and I’ve always thought that’s wonderful,” said Nate Geraci, president of Kansas City-based advisory The ETF Store. Retail investors piled into the biggest and most visible exchange-traded fund that tracks oil price movements even as the price – and the fund’s share values – careened downward.

  • ETF giants want better labeling. Not everyone is convinced
    MarketWatch

    ETF giants want better labeling. Not everyone is convinced

    One day after large asset managers like BlackRock, State Street, and Invesco unveiled a proposal to more precisely label exchange-traded funds, some industry participants pushed back, calling the idea welcome in general, but misguided in practice.

  • Saudi Aramco keeps dividend despite 25% cut in profit
    Yahoo Finance Video

    Saudi Aramco keeps dividend despite 25% cut in profit

    Saudi Aramco's profit fell 25% in its first quarter net profit. Yahoo Finance’s Jared Blikre shares the details.

  • Energy ETFs to watch after oil snaps 5-day rally
    Yahoo Finance Video

    Energy ETFs to watch after oil snaps 5-day rally

    WTI crude is tumbling, snapping a five-day rally. Yahoo Finance’s Seana Smith and ETF.com managing editor Cinthia Murphy discuss what ETFs to watch in the energy sector amid the coronavirus pandemic.

  • Oil expert: With so many barrels being taken offline, "these are the seeds of a mini boom"
    Yahoo Finance Video

    Oil expert: With so many barrels being taken offline, "these are the seeds of a mini boom"

    Canary LLC CEO Dan Eberhart joins Yahoo Finance’s Zack Guzman to discuss how the coronavirus is impacting the energy sector, as WTI crude tumbles amid storage capacity concerns.

  • Stock market news live updates: Stocks fall as concern over virus fallout mounts
    Yahoo Finance

    Stock market news live updates: Stocks fall as concern over virus fallout mounts

    The S&P 500 turned slightly positive Monday as big tech and energy shares rose. The advances helped offset earlier declines spurred as mounting concerns that companies would see lasting damage in the aftermath of the coronavirus pandemic spooked market participants.

  • Slump In Crude Oil Continues To Attract Speculative Buying, Says Strategist
    Benzinga

    Slump In Crude Oil Continues To Attract Speculative Buying, Says Strategist

    The April slump in crude oil is continuing to attract speculative buying in May, and the outlook remains bleak with the market having a long way to go before balancing out, analysts say. The risk of storage running out is being offset by the focus on falling production and the expected pick-up in demand, Ole Hansen, head of commodity strategy at Saxo Bank. On Monday, WTI crude oil was trading 4.95% higher at $20.73 at the time of publication. Crude Oil Market Outlook The recent crash in oil demand brought prices below zero in April as storage for the commodity ran out, but this issue is a short-term one. One analyst says the market may be on a path towards balancing but it's not there yet, with surplus still running high."Optimism spread in the crude oil market in the second part of last week, but this morning (4 May) it is back to the grey reality of things," Bjarne Schieldrop, chief commodities analyst at SEB, says in a note.The global economy is "utterly depressed," and the global oil market is still running a surplus even after cuts from OPEC+ kicked in Friday, the analyst says. "The situation is improving with demand ticking a little higher and supply declining along with active cuts and attrition. However, supply is only down by around 9-12m bl/day even including the cuts from OPEC+, and this leaves the market with a huge running surplus. Damage is still being done and the running surplus continues to push inventories higher and spot prices lower for now."The market is on a path toward balancing, but we are not there yet, with the surplus still running high, he says.May 2020 is going to be extremely challenging, and June could be too and this will be fully displayed in the physical spot market and further rises in oil inventories, Schieldrop says. Related Links:USO Tanks After Oil ETF's Temporary Trading HaltOil Prices Rebound, Analyst Says Market Faces Tsunami Of SurplusSee more from Benzinga * Oil Price Surge Driven Partly By Positive Coronavirus Vaccine News, Says Strategist * USO Tanks After Oil ETF's Temporary Trading Halt * Oil Price Turmoil Persists, But Analyst Says Storage Worries Are Short-Term(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • A long way to go for U.S. oil producers to recover: Trader
    Yahoo Finance Video

    A long way to go for U.S. oil producers to recover: Trader

    Oil prices rally on Thursday over signs that fuel demand will return. Trafigura Co-Head of Oil Trading Ben Luckock joins Yahoo Finance’s On The Move to discuss the outlook for oil markets.

  • Start-up uses satellites to track oil glut and supply chains from space
    Yahoo Finance

    Start-up uses satellites to track oil glut and supply chains from space

    One company is tracking the oil supply glut amid COVID-19 using satellite images of tankers around the world.

  • ETF Database

    Commodity ETFs Help Diversify Traditional Portfolio

    Investors who are looking for ways to diversify a traditional investment portfolio can turn to alternative assets like commodities and related exchange traded funds.

  • This Goldman Sachs-backed startup tracks world's oil glut from space
    Yahoo Finance Video

    This Goldman Sachs-backed startup tracks world's oil glut from space

    Orbital Insight is measuring shadows from space to trace the world’s oil glut. Orbital Insight Founder & CEO James Crawford joins Yahoo Finance’s Zack Guzman to discuss.

  • How to Invest in Oil Right Now
    Kiplinger

    How to Invest in Oil Right Now

    Regular 25% swings in crude? Negative oil? Here's how to tackle this chaotic period for energy commodities.

  • Investing.com

    Crude Oil Volatile; WTI Contract Heads Lower

    AT 9:45 AM ET (1345 GMT), Crude Oil WTI futures traded 3.6% lower at $12.32 a barrel, while the international benchmark Brent contract rose 0.9% to $23.27. Overnight, the United States Oil Fund (NYSE:USO), an ETF that accounts for a large block of exposure in WTI futures, said it would sell off all its contracts for June delivery, replacing them with longer-term contracts. According to a notice by the company seen by Bloomberg, "this unscheduled roll is being implemented based on the potential for the June 2020 WTI crude oil contract to price at or below zero as well as the steady decline in open interest for the June 2020 contract.”

  • Stock market news live updates: S&P 500, Nasdaq close at seven-week highs as investors eye reopening plans
    Yahoo Finance

    Stock market news live updates: S&P 500, Nasdaq close at seven-week highs as investors eye reopening plans

    Stocks advanced Monday as investors mulled a patchwork of state plans to slowly roll back social distancing measures. U.S. crude oil prices renewed their slump after four straight sessions of gains.

  • Oil drops 25%, extending weeks of losses
    Yahoo Finance Video

    Oil drops 25%, extending weeks of losses

    Director of Energy Futures at Mizuho Bob Yawger joins Yahoo Finance’s Seana Smith to discuss how oil’s latest drop will hurt the markets.

  • Diamond Offshore files for bankruptcy, U.S. oil prices fall 25%
    Yahoo Finance Video

    Diamond Offshore files for bankruptcy, U.S. oil prices fall 25%

    Diamond Offshore Drilling announced its decision to file for bankruptcy. Yahoo Finance’s Jared Blikre joins the On The Move panel to discuss.

  • Forward Contracts 101: Why It Is Important to Protect Your Assets
    Insider Monkey

    Forward Contracts 101: Why It Is Important to Protect Your Assets

    The coronavirus and subsequent volatility have brought havoc to the foreign exchange market but investors can protect themselves through forward contracts.

  • Time to Consider Herd Immunity For New York City And The Rest Of The Country
    Insider Monkey

    Time to Consider Herd Immunity For New York City And The Rest Of The Country

    Yesterday Governor Cuomo announced one of the worst news I heard all month long. Only 21% of New Yorkers tested positive for COVID-19 antibodies in recently administered semi-random antibody tests. The dumb media was kind of surprised by this news. One Bloomberg article said the following: “…the preliminary results appear to confirm predictions that the […]

  • IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against United States Oil Fund, LP and Encourages Investors with Losses of $1,000,000 to Contact the Firm
    ACCESSWIRE

    IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against United States Oil Fund, LP and Encourages Investors with Losses of $1,000,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / April 24, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of United States Oil Fund, LP ("USO" or "the Company") (NYSEArca:USO) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

  • Investopedia

    Top Spiking Articles During Oil's Volatile Week

    These were the top searched terms and articles on Investopedia this week as readers looked to understand the crash in oil prices and how to trade it.

  • Trump admin is overlooking "hard cash crunch" facing states: Expert
    Yahoo Finance Video

    Trump admin is overlooking "hard cash crunch" facing states: Expert

    Moody’s Analytics Head of Monetary Policy Research Ryan Sweet joins Yahoo Finance’s Seana Smith to discuss his outlook on oil and how the economy is faring amid the coronavirus outbreak.

  • Strategist details which companies to invest in amid coronavirus
    Yahoo Finance Video

    Strategist details which companies to invest in amid coronavirus

    Money Map Press Chief Investment Strategist Keith Fitz-Gerald joins Yahoo Finance’s Seana Smith to break down his outlook on the markets amid the coronavirus.