United States Oil Fund (NYSEARCA:USO) Sets New 1-Year High – What’s Next?

United States Oil Fund LP (NYSEARCA:USO) hit a new 52-week high on Thursday . The company traded as high as $154.83 and last traded at $153.59, with a volume of 1865180 shares changing hands. The stock had previously closed at $149.97.

More United States Oil Fund News

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

• Positive Sentiment: Escalating attacks on oil tankers and shipping routes have deepened concerns about supply disruptions in the Middle East. Brent crude remained above $100 as traders assessed the risk of prolonged interruptions to regional exports. Brent holds above $100 as tanker attacks deepen supply fear
• Positive Sentiment: OPEC production reportedly fell in August, partly because Saudi exports faced disruption and a U.S. blockade reduced Iranian shipments. Lower near-term supply is supportive for crude prices and USO. OPEC oil output falls in August
• Positive Sentiment: Chinese independent refiners are aggressively sourcing crude from West Africa, Canada and South America to replace shrinking Iranian and Russian supplies. The resulting multi-month-high spot premiums indicate tight physical markets. China independent refiners scramble for oil
• Neutral Sentiment: OPEC+ kept its October production policy unchanged, suggesting limited willingness or ability to offset current supply disruptions. However, the impact depends on how long the conflict affects exports and shipping. OPEC+ Keeps October Output Same
• Negative Sentiment: OPEC lowered its 2026 global oil-demand growth forecast for the fifth consecutive time, to 380,000 barrels per day from 580,000 previously. The downgrade signals weaker expected consumption and could eventually limit crude-price gains. OPEC further lowers 2026 global oil demand growth forecast

United States Oil Fund Trading Up 2.5%

The business has a 50-day moving average price of $126.27 and a 200-day moving average price of $123.88. The firm has a market cap of $2.40 billion, a P/E ratio of 19.22 and a beta of -0.02.

Institutional Trading of United States Oil Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in United States Oil Fund by 11.6% during the 1st quarter. Fifth Third Bancorp now owns 1,116 shares of the company’s stock valued at $142,000 after purchasing an additional 116 shares during the period. International Assets Investment Management LLC lifted its position in shares of United States Oil Fund by 5.6% in the 1st quarter. International Assets Investment Management LLC now owns 2,371 shares of the company’s stock worth $294,000 after purchasing an additional 126 shares during the period. HB Wealth Management LLC lifted its position in shares of United States Oil Fund by 4.0% in the 1st quarter. HB Wealth Management LLC now owns 4,318 shares of the company’s stock worth $549,000 after purchasing an additional 168 shares during the period. NewEdge Advisors LLC boosted its stake in shares of United States Oil Fund by 1.6% during the first quarter. NewEdge Advisors LLC now owns 11,948 shares of the company’s stock valued at $924,000 after purchasing an additional 187 shares in the last quarter. Finally, Scotia Capital Inc. boosted its stake in shares of United States Oil Fund by 6.5% during the third quarter. Scotia Capital Inc. now owns 4,562 shares of the company’s stock valued at $336,000 after purchasing an additional 278 shares in the last quarter. 67.47% of the stock is owned by hedge funds and other institutional investors.

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.