United States Oil Fund (NYSEARCA:USO) Shares Gap Down – Here’s What Happened
by Sarita Garza · The Markets DailyUnited States Oil Fund LP (NYSEARCA:USO – Get Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $138.08, but opened at $119.06. United States Oil Fund shares last traded at $119.44, with a volume of 13,490,377 shares traded.
Key Headlines Impacting United States Oil Fund
Here are the key news stories impacting United States Oil Fund this week:
- Positive Sentiment: Renewed supply disruption risk after strikes on Saudi oil facilities pushed oil prices up, increasing the risk premium for crude and supporting ETFs that track oil exposure. Article Title
- Positive Sentiment: Physical Brent (dated Brent) is trading far above futures (spot Brent >$120), signalling tight real-world cargo supply — a bullish signal for near-term oil prices that benefits USO. Article Title
- Positive Sentiment: Traffic through the Strait of Hormuz remains heavily constrained despite a fragile ceasefire; comments from regional and UAE officials saying the strait is effectively closed keep upside pressure on oil. Article Title
- Positive Sentiment: U.S.-Iran ceasefire fragility and political rhetoric (including high‑profile warnings) are re‑introducing geopolitical tail risks that traders are pricing into oil, supporting volatility and ETF inflows. Article Title
- Neutral Sentiment: Technical/price‑action notes show WTI rebounding from support and a possible higher‑low toward $105 — this suggests upside potential but hinges on sustaining demand and headline stability. Article Title
- Neutral Sentiment: Macro risk: the US March CPI release and rate outlook remain market catalysts — higher rates or weaker growth could temper crude demand and complicate the oil rally. Article Title
- Negative Sentiment: Some technical and analysis pieces warn of a larger correction (Elliott‑wave calls for a deeper pullback toward roughly $77.5), and periods of ceasefire optimism previously triggered large intraday drops — both can quickly pressure USO. Article Title
- Negative Sentiment: Episodes of de‑escalation talk or negotiated outcomes (peace talks, direct negotiations) have previously triggered sharp oil selloffs; any credible progress could quickly reverse recent gains for USO. Article Title
United States Oil Fund Stock Performance
The stock has a market capitalization of $1.89 billion, a PE ratio of 19.22 and a beta of -0.08. The company’s fifty day simple moving average is $100.77 and its two-hundred day simple moving average is $81.47.
Institutional Investors Weigh In On United States Oil Fund
Large investors have recently bought and sold shares of the stock. Caption Management LLC purchased 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 stake in United States Oil Fund by 33.9% in the fourth 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 during the last quarter. Davidson Kempner Capital Management LP acquired a new position in United States Oil Fund in the third quarter valued at $3,478,000. Flow Traders U.S. LLC purchased a new position in United States Oil Fund during the third quarter worth about $3,062,000. Finally, Compass Wealth Management LLC acquired a new stake in United States Oil Fund in the 3rd quarter worth about $2,709,000. Institutional investors and hedge funds own 67.47% of the company’s stock.
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.