United States Oil Fund (NYSEARCA:USO) Shares Gap Down – Should You Sell?

United States Oil Fund LP (NYSEARCA:USO)’s share price gapped down prior to trading on Monday . The stock had previously closed at $129.17, but opened at $120.80. United States Oil Fund shares last traded at $119.92, with a volume of 2,345,353 shares trading hands.

More United States Oil Fund News

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

• Positive Sentiment: A sharp draw in U.S. crude inventories, strong refinery activity and resilient LNG demand are keeping energy markets supported. Persistent Middle East supply risks could also sustain an oil-risk premium, which would benefit USO. Natural Gas and Oil Forecast: Middle East Risks, EIA Inventory Draw Keep Energy Markets in Focus
• Positive Sentiment: Goldman Sachs expects Brent to remain around $80-$90 per barrel until a confirmed U.S.-Iran agreement or a major escalation. The firm has also outlined scenarios in which simultaneous supply disruptions could push oil as high as $120, offering upside potential for USO if tensions worsen. Goldman sees Brent at $80-$90 until US-Iran deal or major escalation
• Neutral Sentiment: Oil steadied after a two-session selloff as investors waited for evidence that Hormuz traffic can resume. The near-term direction remains highly headline-sensitive, with crude trading near the $80 area. Oil steadies after two-day slump as investors eye Hormuz traffic
• Negative Sentiment: Reports that the U.S. and Iran may reach an agreement to reopen the Strait of Hormuz have pushed oil lower. Because the waterway carries roughly one-fifth of global oil, restored traffic would reduce the severe supply-risk premium supporting USO. U.S. Futures Higher, Oil Holds Around $80 on Hopes for Imminent Hormuz Reopening
• Negative Sentiment: Technical selling intensified after WTI broke below key moving-average support, exposing lower Fibonacci targets. OPEC+’s planned production increase and weaker U.S. oil exports add further downside pressure. Crude Oil Price Forecast: Sellers Target Deeper Pullback

United States Oil Fund Price Performance

The company has a 50-day simple moving average of $121.14 and a 200-day simple moving average of $113.63. The stock has a market cap of $1.81 billion, a PE ratio of 19.22 and a beta of -0.03.

Hedge Funds Weigh In On United States Oil Fund

A number of large investors have recently made changes to their positions in USO. Parallel Advisors LLC purchased a new stake in United States Oil Fund during the first quarter worth about $57,000. Raymond James Financial Inc. acquired a new stake in shares of United States Oil Fund during the 2nd quarter valued at approximately $38,000. PNC Financial Services Group Inc. acquired a new stake in shares of United States Oil Fund during the 4th quarter valued at approximately $48,000. Advisory Services Network LLC purchased a new stake in shares of United States Oil Fund during the 3rd quarter worth approximately $57,000. Finally, Fifth Third Bancorp boosted its stake in shares of United States Oil Fund by 11.6% during the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock worth $142,000 after acquiring an additional 116 shares in the last quarter. 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.