Harvest Fund Management Co. Ltd Buys 60,569 Shares of United States Oil Fund LP $USO

Harvest Fund Management Co. Ltd grew its holdings in United States Oil Fund LP (NYSEARCA:USO) by 33.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 239,149 shares of the company’s stock after purchasing an additional 60,569 shares during the period. United States Oil Fund makes up about 0.6% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 29th biggest position. Harvest Fund Management Co. Ltd owned about 1.81% of United States Oil Fund worth $17,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of United States Oil Fund by 65.1% in 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 during the last quarter. Davidson Kempner Capital Management LP bought a new position in shares of United States Oil Fund in the 3rd quarter valued at $3,478,000. Flow Traders U.S. LLC bought a new position in shares of United States Oil Fund in the 3rd quarter valued at $3,062,000. Compass Wealth Management LLC bought a new position in shares of United States Oil Fund in the 3rd quarter valued at $2,709,000. Finally, Arete Wealth Advisors LLC increased its stake in shares of United States Oil Fund by 30.2% in the 3rd quarter. Arete Wealth Advisors LLC now owns 34,408 shares of the company’s stock valued at $2,538,000 after purchasing an additional 7,971 shares during the last quarter. Institutional investors own 67.47% of the company’s stock.

United States Oil Fund Stock Performance

Shares of USO opened at $136.74 on Friday. United States Oil Fund LP has a 52-week low of $65.99 and a 52-week high of $154.08. The business’s fifty day moving average is $134.24 and its 200-day moving average is $98.79. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 19.22 and a beta of -0.04.

Key Headlines Impacting United States Oil Fund

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

• Positive Sentiment: Geopolitical risk remains elevated after reports of renewed Middle East hostilities, with attacks involving Iran, the U.S., Kuwait, and Bahrain helping push oil higher earlier in the week and supporting crude-linked funds like USO. Oil prices rise as new Middle East hostilities flare and talks stall
• Positive Sentiment: U.S. crude inventories fell for a sixth straight week, with a large draw reported as exports increased and refineries ran near capacity, a supply-tightening signal that is typically supportive for oil prices. U.S. Crude Oil Stockpiles Post Sixth Straight Weekly Drop
• Positive Sentiment: Iranian oil exports reportedly dropped to their lowest level in at least six years, adding to concerns about constrained supply globally. Iranian oil exports fall to lowest level six years, data shows
• Neutral Sentiment: OPEC said it sees robust oil demand and left its estimates unchanged, which is supportive on balance but not a new catalyst for the fund. OPEC secretary general says oil demand to remain robust, no change to estimates
• Neutral Sentiment: Some analysts note crude is approaching a technical tipping point, with prices compressing in a pattern that could produce either a breakout or a correction depending on how the next headlines land. Crude Oil Price Forecast: Triangle Compression Signals Breakout Risk
• Negative Sentiment: Oil eased after Israel and Lebanon agreed to implement a ceasefire, raising hopes that tensions could cool and reducing some of the risk premium that had been supporting prices. Oil falls as Lebanon and Israel agree to implement ceasefire
• Negative Sentiment: Reuters also reported crude retreating as the ceasefire story and comments about softer demand weighed on prices, which is a headwind for USO in the near term. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Israel And Lebanon Agree To Implement Ceasefire

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.