United States Oil Fund LP (NYSEARCA:USO – Get Free Report) was the recipient of some unusual options trading on Thursday. Investors acquired 68,633 call options on the stock. This represents an increase of approximately 48% compared to the average daily volume of 46,478 call options.
United States Oil Fund Stock Performance
United States Oil Fund stock traded up $2.75 during trading on Thursday, reaching $70.54. The company had a trading volume of 6,539,454 shares, compared to its average volume of 5,455,207. The firm’s 50-day simple moving average is $70.12 and its 200 day simple moving average is $72.69. The firm has a market capitalization of $974.86 million, a PE ratio of 19.22 and a beta of 0.40. United States Oil Fund has a 1-year low of $60.67 and a 1-year high of $84.58.
Key United States Oil Fund News
Here are the key news stories impacting United States Oil Fund this week:
- Positive Sentiment: Large, unusual call buying in USO — traders bought ~68,633 calls (≈48% above average), signalling increased bullish bets on the ETF and likely contributing to upward price pressure.
- Positive Sentiment: Technical bullish reversal in crude — analysts note a one-day bullish reversal challenging the 50‑day resistance; a close above ~$59 would support a broader trend change and push oil-linked products higher. Crude Oil Price Forecast: Reversal Signals Challenge Key Resistance
- Positive Sentiment: U.S. inventory dynamics supportive — larger-than-expected U.S. crude draws and an EIA report showing stocks below seasonal averages have given futures a lift, which typically benefits oil ETFs like USO. Oil prices gain on US inventory draw, Venezuela in focus
- Positive Sentiment: Macro/technical read that oil may have bottomed — a MarketBeat piece highlights WTI near multi‑year lows with upside potential if catalysts persist, a backdrop supporting tactical long interest in USO. 3 of the Most Important Charts to Watch Right Now
- Neutral Sentiment: Vitol granted preliminary U.S. license to negotiate Venezuelan trades — this opens commercial channels but the timing/scale of flows remains uncertain, so near-term impact on oil/USO is ambiguous. Vitol gets preliminary US license to begin negotiations on Venezuelan oil imports and exports, four sources say
- Neutral Sentiment: Major traders and U.S. majors (e.g., Chevron) engaging on Venezuelan sales — increased market access negotiations could change flows weeks-to-months out, creating mixed near-term signals. Chevron competes with rivals for Venezuelan oil sales, sources say
- Negative Sentiment: Trump administration statements about importing 30–50M barrels from Venezuela have sparked oversupply fears — earlier headlines around large planned shipments pressured crude and could cap upside for USO if realized. WTI crude extends decline after Trump says Venezuela will send oil US
- Negative Sentiment: Analysts and market pieces flag oversupply risk if Venezuelan volumes and license approvals accelerate — that narrative remains a downside risk for oil and USO until flows are clarified. Oil News: Crude Oil Futures at Crossroads as Venezuela Production Boosts Inventory
Institutional Inflows and Outflows
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.
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