Company Announcements

United States Oil Fund Reports $74.8 Million Net Loss

United States Oil Fund LP ( (USO) ) has provided an update.

United States Oil Fund, LP reported a net loss of approximately $74.8 million for September 2024, driven by realized losses in commodity futures and swap contracts. Despite the losses, the fund’s net asset value remains substantial at about $1.34 billion, equivalent to $69.86 per share. This financial insight provides a snapshot of the fund’s performance and its resilience amidst market fluctuations, intriguing those following the dynamics of oil investments.

For an in-depth examination of USO stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyEIA natural gas storage change for week ending November 1
TheFlyCrude inventories for the week of November 1
TheFlyAPI crude inventories for week of November 1
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App