United States Oil Fund (NYSEARCA:USO) Shares Gap Up – Here’s What Happened

Shares of United States Oil Fund LP (NYSEARCA:USO) gapped up prior to trading 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.

Trending Headlines about United States Oil Fund

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

• Positive Sentiment: Crude prices climbed as Houthi attacks, tanker incidents and reduced shipping through the Strait of Hormuz increased fears of Middle Eastern supply disruptions. Because USO tracks near-term WTI crude futures, a larger geopolitical risk premium is generally supportive. Oil rises as Middle East supply concerns persist amid shipping attacks
• Positive Sentiment: Tropical Storm Isaias is threatening U.S. Gulf production, while storm-related shut-ins are already helping lift Brent and WTI. A temporary loss of offshore output could further tighten prompt crude supplies. Oil Price Forecast: Brent and WTI Rebound as Storm Cuts US Output
• Positive Sentiment: U.S. commercial crude inventories unexpectedly fell by 3.2 million barrels to 424.1 million, versus expectations for an increase. Broader reports also suggest global stockpile buffers are becoming depleted, reinforcing the bullish supply outlook. U.S. Crude Oil Stockpiles Post Weekly Drop
• Neutral Sentiment: Technical momentum remains constructive, with Brent above $104 and WTI testing resistance near $90.60. A breakout could support USO, but failure at resistance could prompt profit-taking. Natural Gas and Oil Forecast: WTI Tests $90.62
• Negative Sentiment: A firm U.S. dollar and rising Treasury yields can pressure dollar-denominated oil and reduce investor appetite for commodities. Broader stock-market weakness tied to higher energy costs and rate concerns may also weigh on risk sentiment. Dollar Stays Elevated as Treasury Yields and Oil Prices Rise

United States Oil Fund Stock Up 4.3%

The company has a market capitalization of $1.70 billion, a PE ratio of 19.22 and a beta of 0.01. The company’s 50 day moving average is $138.64 and its two-hundred day moving average is $131.07.

Insider Activity at United States Oil Fund

In other news, major shareholder Financial Lp Hrt acquired 101,212 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was purchased at an average price of $158.02 per share, for a total transaction of $15,993,520.24. Following the completion of the transaction, the insider directly owned 61,589 shares in the company, valued at approximately $9,732,293.78. This trade represents a -255.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have bought 148,833 shares of company stock worth $23,385,278 and have sold 95,353 shares worth $14,737,344.

Institutional Investors Weigh In On United States Oil Fund

A number of hedge funds have recently made changes to their positions in USO. Fifth Third Bancorp lifted its position in shares of United States Oil Fund by 11.6% during the first quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock worth $142,000 after purchasing an additional 116 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of United States Oil Fund by 5.6% in the first quarter. International Assets Investment Management LLC now owns 2,371 shares of the company’s stock worth $294,000 after purchasing an additional 126 shares during the last quarter. HB Wealth Management LLC increased its stake in United States Oil Fund by 4.0% in the 1st quarter. HB Wealth Management LLC now owns 4,318 shares of the company’s stock worth $549,000 after buying an additional 168 shares during the period. Parallel Advisors LLC purchased a new position in United States Oil Fund in the 1st quarter worth about $57,000. Finally, CoreCap Advisors LLC lifted its holdings in United States Oil Fund by 45.4% during the 2nd quarter. CoreCap Advisors LLC now owns 2,544 shares of the company’s stock valued at $271,000 after buying an additional 794 shares in the last quarter. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

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.