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

United States Oil Fund LP (NYSEARCA:USO)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $143.91, but opened at $148.33. United States Oil Fund shares last traded at $148.88, with a volume of 1,196,846 shares traded.

United States Oil Fund News Summary

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

• Positive Sentiment: Crude prices climbed as Houthi attacks, tanker incidents and reduced shipping through the Strait of Hormuz increased fears of Middle Eastern supply disruptions. Because USO tracks near-term WTI crude futures, a larger geopolitical risk premium is generally supportive. Oil rises as Middle East supply concerns persist amid shipping attacks
• Positive Sentiment: Tropical Storm Isaias is threatening U.S. Gulf production, while storm-related shut-ins are already helping lift Brent and WTI. A temporary loss of offshore output could further tighten prompt crude supplies. Oil Price Forecast: Brent and WTI Rebound as Storm Cuts US Output
• Positive Sentiment: U.S. commercial crude inventories unexpectedly fell by 3.2 million barrels to 424.1 million, versus expectations for an increase. Broader reports also suggest global stockpile buffers are becoming depleted, reinforcing the bullish supply outlook. U.S. Crude Oil Stockpiles Post Weekly Drop
• Neutral Sentiment: Technical momentum remains constructive, with Brent above $104 and WTI testing resistance near $90.60. A breakout could support USO, but failure at resistance could prompt profit-taking. Natural Gas and Oil Forecast: WTI Tests $90.62
• Negative Sentiment: A firm U.S. dollar and rising Treasury yields can pressure dollar-denominated oil and reduce investor appetite for commodities. Broader stock-market weakness tied to higher energy costs and rate concerns may also weigh on risk sentiment. Dollar Stays Elevated as Treasury Yields and Oil Prices Rise

United States Oil Fund Stock Up 4.3%

The firm has a 50 day moving average of $138.64 and a 200-day moving average of $131.07. The company has a market cap of $1.70 billion, a P/E ratio of 19.22 and a beta of 0.01.

Insider Transactions at United States Oil Fund

In other United States Oil Fund news, major shareholder Financial Lp Hrt acquired 101,212 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average cost of $158.02 per share, with a total value of $15,993,520.24. Following the completion of the acquisition, the insider directly owned 61,589 shares in the company, valued at $9,732,293.78. This represents a -255.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have purchased 148,833 shares of company stock worth $23,385,278 and have sold 95,353 shares worth $14,737,344.

Institutional Trading of United States Oil Fund

A number of hedge funds have recently bought and sold shares of the stock. RFG Advisory LLC purchased a new position in shares of United States Oil Fund in the 2nd quarter valued at $336,000. Waverly Advisors LLC lifted its stake in shares of United States Oil Fund by 9.0% during the 2nd quarter. Waverly Advisors LLC now owns 10,722 shares of the company’s stock worth $1,141,000 after purchasing an additional 885 shares during the last quarter. Irenic Capital Management LP bought a new stake in United States Oil Fund during the second quarter valued at about $4,098,000. Three Seasons Wealth LLC bought a new stake in United States Oil Fund during the second quarter valued at about $556,000. Finally, Professional Financial Advisors LLC purchased a new position in United States Oil Fund in the second quarter valued at about $1,178,000. Hedge funds and other institutional investors 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.