United States Oil Fund (NYSEARCA:USO) Trading Up 4.5% – Here’s What Happened

Posted by Jeff Wilder on Mar 22nd, 2026

United States Oil Fund LP (NYSEARCA:USO – Get Free Report) shares shot up 4.5% on Friday . The stock traded as high as $122.72 and last traded at $122.64. 30,618,515 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 25,401,602 shares. The stock had previously closed at $117.36.

Key United States Oil Fund News

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

Positive Sentiment: Shares of USO are bid as crude prices jump on renewed Mideast tensions; intraday coverage cites the crude rally as the direct driver of USO’s surge. Read More.
Positive Sentiment: Analysis says oil may stay structurally higher even if the Iran war ends, pointing to longer-lasting supply, shipping and insurance frictions that support sustained oil ETF flows. Read More.
Positive Sentiment: UBS raised near‑term oil forecasts substantially (Brent to ~$86 in 2026), signaling institutional expectations for higher benchmarks that favor oil‑trackers like USO. Read More.
Positive Sentiment: Prediction‑market odds now price a high chance crude stays above $100 into month‑end, reinforcing trader conviction that the price premium from Strait risks could persist. Read More.
Positive Sentiment: Baker Hughes reported a small pullback in U.S. rig counts this week — lower near‑term U.S. drilling activity can tighten future supply growth, a bullish factor for oil and oil ETFs. Read More.
Neutral Sentiment: Policy moves could alter the picture: U.S. officials say releasing stranded Iranian barrels or easing sanctions would quickly add supplies and cap upside — a potential offset to the rally if pursued. Read More.
Negative Sentiment: Public comments by leaders aiming to calm markets and reports of oil pulling back from intraday highs suggest volatility and the risk of a retracement in crude — a near‑term headwind for USO if prices soften. Read More.

United States Oil Fund Stock Performance

The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 19.22 and a beta of 0.40. The business’s 50-day moving average is $86.02 and its 200-day moving average is $76.43.

Institutional Trading of United States Oil Fund

Hedge funds have recently modified their holdings of the company. Arete Wealth Advisors LLC boosted its holdings 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 worth $2,538,000 after acquiring an additional 7,971 shares in the last quarter. SG Americas Securities LLC acquired a new stake in United States Oil Fund during the 3rd quarter valued at $1,138,000. Jump Financial LLC increased its holdings in United States Oil Fund by 67.3% during the 2nd quarter. Jump Financial LLC now owns 131,279 shares of the company’s stock valued at $9,598,000 after purchasing an additional 52,830 shares in the last quarter. Compass Wealth Management LLC bought a new position in United States Oil Fund in the 3rd quarter valued at $2,709,000. Finally, Envestnet Asset Management Inc. raised its position in United States Oil Fund by 17.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,817 shares of the company’s stock valued at $937,000 after purchasing an additional 1,941 shares during the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.

About United States Oil Fund

(Get Free Report)

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.