United States Oil Fund (NYSEARCA:USO) Shares Gap Up – Still a Buy?

United States Oil Fund LP (NYSEARCA:USO)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $143.91, but opened at $148.33. United States Oil Fund shares last traded at $148.88, with a volume of 1,196,846 shares traded.

Key Headlines Impacting United States Oil Fund

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

• Positive Sentiment: Escalating Middle East tensions, attacks on shipping and reduced traffic through the Strait of Hormuz are keeping investors focused on possible disruptions to global oil supplies. Brent recently moved above $104 per barrel, while WTI tested the $90-$91 area. Oil rises as Middle East supply concerns persist amid shipping attacks
• Positive Sentiment: Hurricane Isaias is threatening U.S. Gulf energy operations, with possible offshore production shut-ins adding a near-term supply premium to crude. Falling inventories, strong refinery demand and other production disruptions are also supporting prices. Crude Oil Price Forecast – Hurricane Threatens U.S. Production
• Positive Sentiment: Technical momentum remains constructive: WTI has rebounded from support and broken above a bullish chart pattern, with forecasts pointing toward $91.40 and potentially higher levels if resistance holds. WTI Crude Oil Price Forecast: Bullish Breakout Targets New Highs
• Neutral Sentiment: Oil remains volatile as traders balance supply-disruption fears against diplomatic developments. The recent market reaction shows that headlines involving Iran, Russia and Gulf production can quickly reverse crude’s direction.
• Negative Sentiment: President Trump’s comments that the U.S. will not attack Iran before next month’s elections, alongside reports of productive talks, reduced immediate fears of a broader supply shock and pressured oil prices. Oil falls as Trump comments on Iran talks ease supply concerns
• Negative Sentiment: A reported agreement between Trump and Russian President Vladimir Putin to supply Russian diesel to U.S. and global markets could improve fuel availability and reduce some of the scarcity premium supporting energy prices. Trump strikes deal with Putin to supply Russian diesel to U.S. and global markets

United States Oil Fund Trading Up 0.4%

The company’s 50-day simple moving average is $139.42 and its 200-day simple moving average is $131.37. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 19.22 and a beta of 0.01.

Insider Buying and Selling at United States Oil Fund

In related news, major shareholder Financial Lp Hrt sold 17,023 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $157.58, for a total value of $2,682,484.34. Following the completion of the sale, the insider directly owned 128,543 shares in the company, valued at $20,255,805.94. This represents a 11.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have acquired 148,833 shares of company stock valued at $23,385,278 and have sold 95,353 shares valued at $14,737,344.

Institutional Investors Weigh In On United States Oil Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hamilton Wealth LLC acquired a new stake in shares of United States Oil Fund during the first quarter worth $55,001,000. Bank of America Corp DE raised its stake in United States Oil Fund by 117.1% during the first quarter. Bank of America Corp DE now owns 143,881 shares of the company’s stock worth $18,309,000 after buying an additional 77,617 shares during the last quarter. Caption Management LLC acquired a new position in United States Oil Fund in the fourth quarter valued at $5,201,000. Parker Investment Management LLC acquired a new position in United States Oil Fund in the first quarter valued at $6,364,000. Finally, Arkadios Wealth Advisors acquired a new position in United States Oil Fund in the first quarter valued at $5,326,000. Institutional investors and hedge funds 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.