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United States Oil Fund LP ( (USO) ) has shared an announcement.
On April 29, 2026, United States Oil Fund, LP reported its monthly results for March 2026, disclosing net income of $794.9 million driven by substantial realized and unrealized gains on commodity futures and swap contracts, alongside smaller contributions from dividend, interest and ETF transaction fee income. Expenses remained minimal at $1.2 million, reflecting a lean cost structure relative to trading gains.
The fund’s net asset value rose sharply over the month, increasing from $1.15 billion on March 1 to $2.64 billion at March 31, 2026, supported by both strong performance and significant net capital inflows. Shares outstanding reached 20,923,603, with net asset value per share at $126.39, underscoring robust investor demand and highlighting the fund’s strengthened position as a vehicle for gaining exposure to rising oil markets during the period.
More about United States Oil Fund LP
United States Oil Fund, LP is a commodity-based exchange-traded fund that provides investors exposure to crude oil price movements primarily through positions in oil futures and related swap contracts. The fund targets the energy commodities market, offering a vehicle for investors seeking to track short-term changes in U.S. oil prices via exchange-traded shares.
Average Trading Volume: 34,637,050
Current Market Cap: $1.78B
For a thorough assessment of USO stock, go to TipRanks’ Stock Analysis page.