United States Oil Fund (NYSEARCA:USO) Trading 9.3% Higher – Here’s What Happened

United States Oil Fund LP (NYSEARCA:USO)’s share price traded up 9.3% during mid-day trading on Monday . The company traded as high as $118.91 and last traded at $118.85. Approximately 8,825,761 shares were traded during trading, a decline of 56% from the average session volume of 20,121,201 shares. The stock had previously closed at $108.70.

United States Oil Fund News Summary

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

• Positive Sentiment: Oil prices surged after U.S. and Iranian strikes intensified conflict in the Middle East, pushing Brent above prior levels and lifting oil-linked ETFs like USO. Oil jumps more than 3% after US, Iran launch strikes in Mideast
• Positive Sentiment: Fresh headlines about a blockade, cargo fees, and policing of the Strait of Hormuz raised the risk of supply disruptions, which is bullish for crude prices and USO. Trump proposes 20% cargo fee as US vows to police Strait of Hormuz
• Positive Sentiment: Reports that Gulf tensions and renewed concern over the Strait of Hormuz sent oil prices higher and rekindled inflation worries, supporting demand for oil exposure. Shares slip in Asia as oil jumps on Gulf attacks
• Neutral Sentiment: OPEC cut its global oil-demand growth forecast again, which could cap some of the upside if investors focus more on weaker long-term demand than short-term supply fears. OPEC further lowers 2026 global oil demand growth forecast
• Neutral Sentiment: The U.S. Strategic Petroleum Reserve fell to its lowest level since 1983, a supply-related data point that adds to the market’s sensitivity, but it is not an immediate catalyst by itself. Oil stocks in US Strategic Petroleum Reserve fall by 3 million barrels to lowest level since 1983
• Negative Sentiment: Canada’s oil sands alliance advancing carbon-capture work tied to a possible West Coast pipeline could eventually support production growth, but the announcement is more policy/process oriented and is unlikely to move USO much today. Canada’s Oil Sands Alliance reaches agreement to advance Pathways Carbon Capture and Storage Project

United States Oil Fund Price Performance

The stock’s 50-day moving average is $126.82 and its 200 day moving average is $107.00. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 19.22 and a beta of -0.01.

Institutional Trading of United States Oil Fund

Several hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC boosted its stake in shares of United States Oil Fund by 1.6% in the first 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. JPMorgan Chase & Co. lifted its holdings in United States Oil Fund by 65.1% in the second quarter. JPMorgan Chase & Co. now owns 66,225 shares of the company’s stock valued at $4,842,000 after acquiring an additional 26,102 shares during the period. Cresset Asset Management LLC boosted its position in shares of United States Oil Fund by 4.1% during the 2nd quarter. Cresset Asset Management LLC now owns 7,736 shares of the company’s stock worth $566,000 after purchasing an additional 303 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of United States Oil Fund during the 2nd quarter worth $38,000. Finally, PDT Partners LLC acquired a new position in shares of United States Oil Fund during the 2nd quarter worth $336,000. 67.47% of the stock is owned by institutional investors and hedge funds.

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.