United States Oil Fund (NYSEARCA:USO) Shares Gap Up – Should You Buy?

United States Oil Fund LP (NYSEARCA:USO) gapped up prior to trading on Friday . The stock had previously closed at $119.30, but opened at $123.20. United States Oil Fund shares last traded at $123.21, with a volume of 1,367,488 shares traded.

United States Oil Fund News Summary

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

• Positive Sentiment: Oil prices rose after a larger-than-expected weekly U.S. crude stockpile draw, signaling tighter near-term supply. U.S. Crude Oil Stockpiles Post Weekly Withdrawal
• Positive Sentiment: Escalating U.S.-Iran tensions continued to lift crude as traders worried about possible disruptions to the Strait of Hormuz and broader Middle East supply flows. Oil prices rise 4th day as US strikes on Iran raise fears of wider conflict
• Positive Sentiment: Oil also gained on reports that Iran threatened retaliation and on concerns about potential disruptions tied to regional infrastructure and shipping routes. Oil rises as Iran threatens retaliation if Trump targets country’s critical infrastructure
• Positive Sentiment: A drone attack damaged a tanker near Russia’s Black Sea CPC terminal, adding another supply-disruption risk to the market. Chartered oil tanker attacked by drones near Black Sea terminal, CPC says
• Neutral Sentiment: Several market-commentary pieces noted oil was testing resistance and digesting OPEC+ production changes, but these were mostly technical or short-term trading views rather than fresh fundamental catalysts. Crude Oil Price Forecast: Can Bulls Push Above Key Resistance?
• Negative Sentiment: Some traders were also betting on negotiations between the U.S. and Iran, which could eventually reduce the geopolitical risk premium in oil prices. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Traders Bet On Negotiations

United States Oil Fund Price Performance

The company’s 50-day moving average price is $125.19 and its two-hundred day moving average price is $108.40. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 19.22 and a beta of -0.01.

Institutional Trading of United States Oil Fund

A number of large investors have recently bought and sold shares of the business. Hamilton Wealth LLC bought a new position in shares of United States Oil Fund in the 1st quarter worth about $55,001,000. Harvest Fund Management Co. Ltd grew its stake in United States Oil Fund by 33.9% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock worth $17,030,000 after purchasing an additional 60,569 shares during the period. Bank of America Corp DE grew 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 purchasing an additional 77,617 shares during the period. Caption Management LLC bought a new stake in United States Oil Fund in the fourth quarter worth approximately $5,201,000. Finally, JPMorgan Chase & Co. increased its holdings in United States Oil Fund by 65.1% in the second quarter. JPMorgan Chase & Co. now owns 66,225 shares of the company’s stock worth $4,842,000 after purchasing an additional 26,102 shares in the last quarter. 67.47% of the stock is currently owned by institutional investors and hedge funds.

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.