United States Oil Fund (NYSEARCA:USO) Reaches New 52-Week High – Still a Buy?

United States Oil Fund LP (NYSEARCA:USO)’s stock price reached a new 52-week high on Monday . The company traded as high as $151.70 and last traded at $150.48, with a volume of 6573990 shares. The stock had previously closed at $148.23.

United States Oil Fund News Roundup

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

• Positive Sentiment: Crude prices are being supported by fears that the Strait of Hormuz remains closed, raising the risk of prolonged supply disruption and keeping oil markets tight. Gold silver prices firmer but gains remains capped by higher oil prices as Strait of Hormuz remains closed – AM Report
• Positive Sentiment: The IEA said commercial oil inventories are being depleted rapidly and may have only a few weeks left, reinforcing the bullish case for crude and related funds like USO. IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left
• Positive Sentiment: Analysts say European oil shortages could emerge within weeks if inventories keep falling, suggesting the market remains undersupplied and prices could stay firm. ‘This is bad’: Strategists see European oil shortages within weeks as inventories are depleted
• Positive Sentiment: Oil futures are near or above $100 per barrel as Iran-related supply risks and restricted Hormuz flows continue to fuel a potential breakout higher. Natural Gas and Oil Forecast: Hormuz Crisis Keeps WTI at $102 — Can Bulls Push to $105?
• Neutral Sentiment: Some reports suggest oil could ease if sanctions or diplomatic pressure on Iran leads to progress, but that relief has not yet offset the broader supply-risk narrative. Dow Jones seen remaining in red, oil eases on reports of Iran sanctions lifted
• Negative Sentiment: Broader market concerns such as rising bond yields and inflation could pressure risk assets, but for USO the dominant effect remains the strength in crude prices. Rising Oil Prices Are Testing the Tech-Powered Rally. But There’s an Even Greater Threat.

United States Oil Fund Stock Up 0.6%

The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 19.22 and a beta of 0.01. The company’s 50-day moving average price is $126.88 and its 200-day moving average price is $92.11.

Hedge Funds Weigh In On United States Oil Fund

A number of hedge funds have recently made changes to their positions in USO. Activest Wealth Management acquired a new stake in shares of United States Oil Fund in the third quarter worth approximately $28,000. Raymond James Financial Inc. acquired a new stake in United States Oil Fund during the 2nd quarter worth $38,000. PNC Financial Services Group Inc. purchased a new stake in shares of United States Oil Fund during the fourth quarter worth $48,000. Parallel Advisors LLC purchased a new stake in shares of United States Oil Fund during the first quarter worth $57,000. Finally, Advisory Services Network LLC acquired a new stake in shares of United States Oil Fund in the third quarter valued at about $57,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

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.