United States Oil Fund (NYSEARCA:USO) Sets New 12-Month High – Still a Buy?

United States Oil Fund LP (NYSEARCA:USO) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $154.83 and last traded at $153.59, with a volume of 1865180 shares trading hands. The stock had previously closed at $149.97.

Trending Headlines about United States Oil Fund

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

• Positive Sentiment: Geopolitical risks remain the primary bullish catalyst. Attacks on shipping routes, Houthi gains in Yemen, reduced Strait of Hormuz traffic and the ongoing Iran conflict are raising concerns about prolonged disruptions to Middle East crude exports. IEA says global oil supply gap may deepen
• Positive Sentiment: The International Energy Agency said the return to normal Gulf oil flows could be delayed into 2027, while Chevron’s CEO warned that depleted crude inventories and buffers could push prices higher in coming months. Chevron CEO discusses depleted crude buffers
• Positive Sentiment: OPEC production fell in August amid disruptions to Saudi and Iranian shipments, while Chinese independent refiners are competing for alternative crude supplies, supporting spot-market premiums. Chinese refiners seek alternative crude supplies
• Neutral Sentiment: The White House is considering using the Defense Production Act to expand U.S. refining capacity. The move could improve longer-term supply resilience, but it would not quickly resolve current global crude shortages. White House weighs expanding U.S. refining capacity
• Negative Sentiment: Oil retreated after its multi-session surge as traders responded to reports that Gulf countries may meet with Iran over the Strait of Hormuz. The pullback reflects profit-taking and reduced immediate disruption fears, weighing on USO. Oil pulls back on possible Gulf-Iran talks
• Negative Sentiment: OPEC cut its 2026 oil-demand growth forecast for the fifth consecutive time, and U.S. crude production reached a record despite a modest inventory decline. These developments limit the upside from supply fears. OPEC lowers oil-demand growth forecast

United States Oil Fund Price Performance

The firm has a market capitalization of $2.42 billion, a P/E ratio of 19.22 and a beta of -0.02. The stock’s fifty day simple moving average is $128.38 and its 200 day simple moving average is $124.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in United States Oil Fund by 1.6% during the first quarter. NewEdge Advisors LLC now owns 11,948 shares of the company’s stock valued at $924,000 after acquiring an additional 187 shares during the last quarter. JPMorgan Chase & Co. grew 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 worth $4,842,000 after purchasing an additional 26,102 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of United States Oil Fund by 4.1% during the second 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. acquired a new position in shares of United States Oil Fund during the second quarter worth $38,000. Finally, PDT Partners LLC acquired a new position in shares of United States Oil Fund during the second quarter worth $336,000. Hedge funds and other institutional investors own 67.47% of the company’s stock.

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.