The United States Oil Fund, LP (NYSE Arca:NYSE:USO), a commodity exchange-traded product currently trading at $74.36 with a market capitalization of $1.29 billion, disclosed its monthly account statement for January 2025 today. The statement details financial results, including income, losses, and changes in net asset value for the month ended January 31, 2025. According to InvestingPro data, the fund has shown a modest 2.25% return over the past year.
According to the 8-K filing with the Securities and Exchange Commission, the United States Oil Fund, which is managed by United States Commodity Funds LLC, has presented its monthly financials in compliance with Rule 4.22 under the Commodity Exchange Act. The report is also available on the fund’s website. InvestingPro analysis reveals that while the fund maintains strong liquidity with a current ratio of 68.83, it has not been profitable over the last twelve months.
The monthly account statement includes the Statement of Income (Loss) and the Statement of Changes in Net Asset Value. These documents provide investors with insight into the Fund’s performance over the past month. The United States Oil Fund’s primary investment objective is to track the daily price movements of West Texas Intermediate light, sweet crude oil, with the fund maintaining a relatively low beta of 0.62, indicating lower volatility compared to the broader market. Get deeper insights and access to more financial metrics with InvestingPro.
The information contained in the 8-K filing and the accompanying Exhibit 99.1 is considered furnished and not filed for the purposes of Section 18 of the Securities Exchange Act of 1934. This means that the information is not subject to the liabilities of that section and should not be deemed incorporated by reference in any filing under the Securities Act of 1933, unless specifically referenced in such filings.
The United States Oil Fund’s financial statements are a key source of information for investors interested in the performance of commodities, particularly crude oil. The Fund’s performance can be influenced by a variety of factors, including geopolitical events, supply and demand dynamics, and changes in the global economy.
This news is based on a press release statement and provides the latest financial updates for the United States Oil Fund as required by regulatory standards.
In other recent news, the United States Oil Fund has released its monthly financial statements for October, November, and December 2024. These disclosures, mandated by the Commodity Exchange Act, include a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, providing a comprehensive view of the fund’s financial status over the past three months. The reports, filed with the Securities and Exchange Commission, are part of the fund’s routine regulatory filings and are accessible on its website. Managed by United States Commodity Funds LLC, the fund’s financial statements are signed by Chief Financial Officer Stuart P. Crumbaugh, ensuring compliance with SEC requirements. These documents, although not considered "filed" for certain regulatory purposes, offer transparency and insights into the fund’s performance and market conditions. The United States Oil Fund operates as a limited partnership and is primarily invested in futures contracts for petroleum-based fuels. The fund’s disclosures are closely monitored by investors and analysts, as they can provide valuable insights into broader commodity market trends. These recent developments highlight the fund’s ongoing commitment to maintaining regular communication with the investment community.
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