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

Shares of United States Oil Fund LP (NYSEARCA:USO) gapped down before the market opened on Monday . The stock had previously closed at $136.69, but opened at $128.66. United States Oil Fund shares last traded at $128.08, with a volume of 2,462,344 shares changing hands.

More United States Oil Fund News

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

• Positive Sentiment: A Reuters poll indicated that U.S. crude and gasoline inventories likely declined last week. Tighter inventories could support oil prices, although a projected increase in distillate stocks partially offsets the bullish signal. US crude, gasoline inventories likely fell last week, distillate stocks rose
• Positive Sentiment: Sources said OPEC+ may pause its gradual production increases after September for the remainder of 2026, potentially limiting additional supply and providing longer-term support for crude prices. OPEC+ likely to pause oil output hikes after September, sources say
• Neutral Sentiment: WTI briefly found technical support near its 200-day moving average, but analysts said prices remain highly dependent on incoming Middle East headlines and upcoming OPEC+ decisions. Crude Oil Price Analysis – WTI Bounces as Buyers Defend 200-Day EMA
• Negative Sentiment: Expectations of de-escalation between the United States and Iran, including a possible reopening of the Strait of Hormuz, reduced the risk of supply disruptions and pushed Brent and WTI lower. Oil also tested new lows as traders reacted to the pause in U.S. strikes. Oil prices fall 1% as investors weigh pause in US strikes on Iran
• Negative Sentiment: Technical analysts warned that continued selling pressure could drive WTI toward deeper support levels after its sharp retreat from resistance, reinforcing near-term downside risk for USO. Crude Oil Price Forecast: Key Support Zone Comes into Focus

United States Oil Fund Price Performance

The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 19.22 and a beta of -0.01. The business’s fifty day simple moving average is $122.77 and its 200 day simple moving average is $111.77.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Hamilton Wealth LLC acquired a new position in shares of United States Oil Fund in the 1st quarter valued at about $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 acquiring an additional 77,617 shares during the period. Caption Management LLC bought a new position in United States Oil Fund in the fourth quarter worth about $5,201,000. Harvest Fund Management Co. Ltd lifted its holdings in United States Oil Fund by 33.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock worth $17,030,000 after acquiring an additional 60,569 shares during the last quarter. Finally, Parker Investment Management LLC acquired a new position in United States Oil Fund in the first quarter valued at approximately $6,364,000. 67.47% of the stock is currently owned by institutional investors.

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.