United States Oil Fund (NYSEARCA:USO) Hits New 1-Year High – What’s Next?

United States Oil Fund LP (NYSEARCA:USO)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $125.19 and last traded at $121.19, with a volume of 46751549 shares traded. The stock had previously closed at $121.67.

Key Stories Impacting United States Oil Fund

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

• Positive Sentiment: Middle East attacks on energy facilities have lifted global oil benchmarks, creating a bullish backdrop for oil exposure ETFs like USO. Oil rises 3% after Iran strikes Middle East energy facilities
• Positive Sentiment: Analysts and market commentators point to breakout technicals and supply concerns (Brent ~ $120, WTI ~ $100) that support further upside in crude prices, which is structurally positive for USO. Oil News: Crude Oil Analysis Signals Breakout as Middle East War Escalates
• Positive Sentiment: Damage to major LNG/energy facilities (e.g., Qatar) has heightened short-term supply worries, a near-term bullish catalyst for oil futures that USO tracks. Oil jumps 4% as Iranian retaliatory strikes on Qatar’s key energy facility stoke supply worries
• Neutral Sentiment: The WTI–Brent spread has widened to multi-year levels as Brent rallies faster than U.S. crude; that divergence can mute USO gains if U.S. futures lag global benchmarks. US oil exports seen rising as WTI discount to Brent hits widest 11 years
• Neutral Sentiment: Technicals and short-term forecasts show both breakout and pullback scenarios — volatility is elevated and direction can flip quickly. Crude Oil Price Forecast: Risk of Pullback Heightened
• Negative Sentiment: Short interest in USO has surged amid the recent price swings, increasing downside pressure from leveraged/short flows and raising the risk of volatile intraday moves. USO Short Interest Surges Amid Oil Price Volatility
• Negative Sentiment: Broader equity market weakness (stagflation and Fed rate concerns) is driving risk-off behaviour and profit-taking that can push ETF shares lower even as commodity prices rise. S&P500 and Nasdaq 100: Stock Market Hit by Oil Surge, Stagflation Fears
• Negative Sentiment: Commentators warn that a prolonged oil shock could slow growth and spark inflationary/monetary responses that hurt risk assets and ETFs tied to futures roll costs. What smart people are saying about oil’s latest spike to nearly $120 a barrel

United States Oil Fund Stock Performance

The business’s 50-day moving average is $84.07 and its two-hundred day moving average is $75.82. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 19.22 and a beta of 0.40.

Hedge Funds Weigh In On United States Oil Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in shares of United States Oil Fund by 1.6% in the 1st quarter. NewEdge Advisors LLC now owns 11,948 shares of the company’s stock valued at $924,000 after buying an additional 187 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of United States Oil Fund by 17.8% in the second quarter. Envestnet Asset Management Inc. now owns 12,817 shares of the company’s stock worth $937,000 after acquiring an additional 1,941 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of United States Oil Fund by 29.5% during the 2nd quarter. Cetera Investment Advisers now owns 14,940 shares of the company’s stock valued at $1,092,000 after purchasing an additional 3,401 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of United States Oil Fund by 65.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 66,225 shares of the company’s stock valued at $4,842,000 after purchasing an additional 26,102 shares in the last quarter. Finally, XTX Topco Ltd grew its position in shares of United States Oil Fund by 21.8% in the 2nd quarter. XTX Topco Ltd now owns 4,807 shares of the company’s stock valued at $351,000 after purchasing an additional 861 shares during the period. 67.47% of the stock is owned by 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.