United States Oil Fund (NYSEARCA:USO) Stock Passes Below 50 Day Moving Average – Here’s What Happened

United States Oil Fund LP (NYSEARCA:USO)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $135.28 and traded as low as $125.30. United States Oil Fund shares last traded at $125.43, with a volume of 8,451,880 shares traded.

Key Stories Impacting United States Oil Fund

Here are the key news stories impacting United States Oil Fund this week:

• Positive Sentiment: Geopolitical risk remains elevated, and earlier headlines about Iran threatening the Strait of Hormuz and U.S. military assistance in moving oil out of the Persian Gulf could still support crude prices if tensions flare again.
• Positive Sentiment: Some reports suggest Gulf exports may be more resilient than feared, which could reduce the odds of a severe supply shock and help limit extreme volatility in oil markets. Article Title
• Neutral Sentiment: CME plans to offer 24/7 gold and oil trading, a market-structure change that could improve access and liquidity over time, but it is not an immediate driver of USO’s price. Article Title
• Neutral Sentiment: Goldman Sachs cut its 2027 Brent forecast on supply growth and demand concerns, reinforcing a softer longer-term oil backdrop even as near-term prices remain driven by headlines. Article Title
• Negative Sentiment: Multiple reports say crude prices are falling on hopes of a U.S.-Iran deal and a reduced chance of broader conflict, which is the main reason USO is under pressure today. Article Title
• Negative Sentiment: Broader energy-demand headlines are also bearish, including OPEC’s lowered demand-growth forecasts and reports that investors are pulling back from the oil market at a record pace. Article Title

United States Oil Fund Stock Down 2.6%

The firm’s 50-day moving average is $135.28 and its 200-day moving average is $101.13. The company has a market capitalization of $1.70 billion, a PE ratio of 19.22 and a beta of -0.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arete Wealth Advisors LLC lifted its stake in United States Oil Fund by 30.2% in the third quarter. Arete Wealth Advisors LLC now owns 34,408 shares of the company’s stock worth $2,538,000 after purchasing an additional 7,971 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in United States Oil Fund by 33.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock worth $17,030,000 after purchasing an additional 60,569 shares during the last quarter. Indie Asset Partners LLC bought a new stake in United States Oil Fund in the fourth quarter worth $2,113,000. Compass Wealth Management LLC bought a new stake in United States Oil Fund in the third quarter worth $2,709,000. Finally, Flow Traders U.S. LLC bought a new stake in United States Oil Fund in the third quarter worth $3,062,000. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

United States Oil Fund Company Profile

United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.