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

United States Oil Fund LP (NYSEARCA:USO)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $120.49, but opened at $128.46. United States Oil Fund shares last traded at $129.24, with a volume of 2,615,687 shares trading hands.

Key Headlines Impacting United States Oil Fund

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

• Positive Sentiment: Middle East tensions have lifted oil prices. Fresh U.S.-Iran military exchanges and renewed concerns about disruptions to shipping through the Strait of Hormuz pushed crude prices higher and reduced expectations for a quick normalization of regional energy flows. Oil Surges as Fresh Middle East Strikes Threaten Fragile Diplomacy
• Positive Sentiment: Expected declines in U.S. crude and gasoline inventories support prices. A potential drawdown in domestic stockpiles suggests tighter near-term supply, helping oil recover from its prior-session decline. Oil prices rebound by more than $2 a barrel on prospect of tightening US crude supplies
• Positive Sentiment: Low U.S. strategic petroleum reserves add to supply concerns. Reports that reserves are at a multi-decade low could make markets more sensitive to further disruptions, although replenishment policy remains uncertain. Strategic petroleum reserves report
• Neutral Sentiment: OPEC+ supply policy remains a counterforce. The group is preparing another increase for September but may pause further hikes afterward, creating uncertainty over whether additional barrels will offset geopolitical supply risks. OPEC+ likely to pause oil output hikes after September
• Negative Sentiment: Diplomatic progress and softer demand could limit gains. Any de-escalation between Washington and Tehran could restore regional flows, while India warned that sustained high crude prices could pressure its fiscal and current-account balances—raising broader demand concerns. India warns of effects from sustained high oil prices

United States Oil Fund Stock Up 7.3%

The stock has a market capitalization of $2.20 billion, a PE ratio of 19.22 and a beta of -0.01. The firm’s fifty day moving average is $122.77 and its 200-day moving average is $111.77.

Institutional Trading of United States Oil Fund

Several hedge funds have recently modified their holdings of USO. Hamilton Wealth LLC purchased a new stake in shares of United States Oil Fund in the first quarter valued at approximately $55,001,000. Bank of America Corp DE grew its stake in shares of United States Oil Fund by 117.1% during the 1st 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 acquired a new position in shares of United States Oil Fund during the 4th quarter worth $5,201,000. Harvest Fund Management Co. Ltd increased its holdings in shares of United States Oil Fund by 33.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock valued at $17,030,000 after purchasing an additional 60,569 shares in the last quarter. Finally, Parker Investment Management LLC purchased a new position in shares of United States Oil Fund in the 1st quarter valued at about $6,364,000. 67.47% of the stock is 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.