United States Oil Fund, LP (USO) Stock Price & Analysis
United States Oil Fund, LP (USO) closed at USD 162.51 on Thursday, October 22, 2026, up 1.70% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 159.8; the Oct 22, 2026 session ranged USD 160.09–163.77 on volume of 4,361,844 shares. Market capitalization is —, with a 52-week range of USD 65.99–163.77 (PCX). Source: Nexqual, retrieved October 23, 2026 at 10:00 UTC.
Also available as compact Markdown for AI agents: nexqual.com/USO.md
Key facts (USO)
- Last four reported quarters (through Jun 30, 2026): revenue $597M, net income $586M (98.3% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $14.7M; 2 not under a Rule 10b5-1 plan ($14.7M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $23.4M; 0 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y +121.7% vs S&P 500 +14.9%; 5Y +180.0% vs S&P 500 +80.3%.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (USO)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.63B | $801M | -$34.9M | $232M | -$56.2M | $597M |
| Net income | $1.60B | $785M | -$46.0M | $221M | -$64.7M | $586M |
| Net margin | 98.5% | 98.1% | 131.9% | 95.3% | 115.0% | 98.3% |
| Revenue growth | +186.6% | -50.8% | -104.4% | +764.5% | -124.2% | — |
| Cash + short-term investments | $1.57B | $856M | $952M | $727M | $652M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (USO)
Insider sales (SEC Form 4, open-market, last ~7 months) (USO)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-16 | Hrt Financial Lp | 17,023 | $2.7M | 11.7% | No | Too little history (no open-market trades in 2023–2025) | |
| 2026-09-11…2026-09-15 | Hrt Financial Lp | 78,330 | $12.1M | 56% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (USO)
2 purchases, $23.4M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-16 | Hrt Financial Lp | 43,638 | $6.8M | 155.3 | Too little history (no open-market trades in 2023–2025) | |
| 2026-09-11…2026-09-14 | Hrt Financial Lp | 105,195 | $16.6M | 157.88 | Too little history (no open-market trades in 2023–2025) |
Total return (dividends reinvested) (USO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +121.7% | +180.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +122.3% | +22.8% |
| Volatility (annualized) | 49.2% | 37.8% |
| Max drawdown | -32.5% (May 2026→Jul 2026) | -34.9% (Jun 2022→Mar 2023) |
USO options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 28, 2026 | 5 | 48.3% | ±5.0% |
| Oct 30, 2026 | 7 | 52.2% | ±6.2% |
| Nov 4, 2026 | 12 | 48.6% | ±7.3% |
| Nov 6, 2026 | 14 | 51.2% | ±8.3% |
| Nov 13, 2026 | 21 | 50.5% | ±9.9% |
| Nov 20, 2026 | 28 | 50.3% | ±11.4% |
| Nov 27, 2026 | 35 | 48.2% | ±12.0% |
| Dec 4, 2026 | 42 | 50.6% | ±13.8% |
30-day implied volatility 50% vs 36.4% realized over the last 30 trading days. Put/call ratio (volume) 0.9. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:00 UTC)
| Price | USD 162.51 |
|---|---|
| Change | ▲ 1.70% (up) |
| Previous Close | USD 159.8 |
| Open | USD 163.3 |
| Day Range | USD 160.09 – 163.77 |
| 52-Week Range | USD 65.99 – 163.77 |
| Volume | 4,361,844 shares |
| Market Cap | — |
| Exchange | PCX |
Technical Analysis (USO)
Nexqual's technical model rates USO "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 10:00 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 66.16 (neutral) |
| vs SMA50 | Above (USD 145.58) |
| MACD | 4.4 (positive) |
Financial Health Score (USO)
Nexqual rates United States Oil Fund, LP's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:00 UTC.
| Growth | Mixed — No data |
|---|---|
| Profitability | Mixed — No data |
| Balance Sheet | Mixed — No data |
| Cash Flow | Weak — Operating cash flow -$22M (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — No data |
From United States Oil Fund, LP's Latest SEC 10-K Filing (filed 2026-02-27)
Partnerships
- To reduce the credit risk that arises in connection with such contracts, USO will generally enter into an agreement with each counterparty based on the Master Agreement published by the International Swaps and Derivatives Association, Inc. ("ISDA") that provides for the netting of its overall exposure to its counterparty and requires the posting by each party to cover the mark-to-market exposure of a counterparty to the other counterparty.
- On October 8, 2013, USCF entered into a Futures and Cleared Derivatives Transactions Customer Account Agreement with RBC Capital Markets, LLC ("RBC Capital" or "RBC") to serve as USO's FCM, effective October 10, 2013.
Legal & Regulatory Risks (Item 1A, quoted)
- USO's rights under an OTC contract may be restricted by regulations.
- Regulatory changes or actions, including the implementation of new legislation are impossible to predict but may significantly and adversely affect USO.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| UNG | United States Natural Gas Fund | USD 9.89 | ▼ 0.8% |
| GLD | SPDR Gold Shares | USD 369 | ▼ 2.63% |
| UCO | ProShares Ultra Bloomberg Crude | USD 63.77 | ▲ 0.35% |
| XLE | State Street Energy Select Sect | USD 67.57 | ▼ 0.87% |
| SLV | iShares Silver Trust | USD 49.34 | ▼ 5.59% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:00 UTC. This page is informational and not investment advice.
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