United States Oil Fund (NYSEARCA:USO) Sets New 1-Year High – Here’s Why

United States Oil Fund LP (NYSEARCA:USO) shares hit a new 52-week high on Monday . The stock traded as high as $151.70 and last traded at $150.48, with a volume of 6573990 shares. The stock had previously closed at $148.23.

United States Oil Fund News Summary

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

• Positive Sentiment: U.S. crude and gasoline inventories fell last week, with commercial crude stocks dropping by 7.9 million barrels, a larger draw than analysts expected, signaling tighter near-term supply. U.S. Crude Oil Stockpiles Post Fourth Straight Weekly Draw
• Positive Sentiment: The Strategic Petroleum Reserve saw a record weekly drawdown, which underscores the government’s continued need to manage oil supply and can support market-tightness narratives. Trump Promised to Refill America’s Emergency Oil Reserve. Instead, It Just Saw Its Largest Weekly Drain in History.
• Neutral Sentiment: Recent market commentary says crude is still searching for clarity, with volatile trading as investors weigh geopolitical risk against improving supply expectations. Crude Oil Price Analysis – Oil Continues to Look for Clarity
• Negative Sentiment: Oil prices fell after reports that the U.S. is in the final stages of talks with Iran, raising expectations that tensions could ease and reduce the war-related supply premium. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 5.5% As Traders Bet On Iran Deal
• Negative Sentiment: Reports that tankers are moving through the Strait of Hormuz and that Trump is talking up an Iran deal have also eased supply-disruption fears, pressuring crude prices lower. Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects
• Negative Sentiment: Additional headlines say oil prices eased after Trump said the U.S. would end the Iran war “very quickly,” reinforcing the view that geopolitical risk premiums are fading. Oil prices ease after Trump says US will end Iran war ‘very quickly’

United States Oil Fund Trading Down 5.7%

The firm has a fifty day moving average of $128.83 and a two-hundred day moving average of $93.23. The company has a market cap of $1.95 billion, a PE ratio of 19.22 and a beta of 0.01.

Institutional Investors Weigh In On United States Oil Fund

Several large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in United States Oil Fund by 11.6% in the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock worth $142,000 after acquiring an additional 116 shares during the last quarter. International Assets Investment Management LLC increased its holdings in United States Oil Fund by 5.6% in the 1st quarter. International Assets Investment Management LLC now owns 2,371 shares of the company’s stock worth $294,000 after acquiring an additional 126 shares during the last quarter. HB Wealth Management LLC increased its holdings in United States Oil Fund by 4.0% in the 1st quarter. HB Wealth Management LLC now owns 4,318 shares of the company’s stock worth $549,000 after acquiring an additional 168 shares during the last quarter. NewEdge Advisors LLC increased its holdings in United States Oil Fund by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 11,948 shares of the company’s stock worth $924,000 after acquiring an additional 187 shares during the last quarter. Finally, Clear Investment Research LLC increased its holdings in United States Oil Fund by 14.1% in the 3rd quarter. Clear Investment Research LLC now owns 1,992 shares of the company’s stock worth $147,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 67.47% of the company’s stock.

About United States Oil Fund

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.