United States Oil Fund (NYSEARCA:USO) Sets New 12-Month High – Time to Buy?

Shares of United States Oil Fund LP (NYSEARCA:USO) hit a new 52-week high during trading on Thursday. The company traded as high as $163.55 and last traded at $163.54, with a volume of 701,844 shares traded. The stock had previously closed at $159.80.

Trending Headlines about United States Oil Fund

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

• Positive Sentiment: Escalating Middle East risks—including Houthi attacks, potential renewed U.S.-Iran hostilities, threats to Saudi energy infrastructure and shipping disruptions—are increasing fears of tighter global oil supplies. USO jumps to over 11-year high as Brent tops $116
• Positive Sentiment: Falling U.S. crude inventories are reinforcing the bullish outlook, while freight constraints and supply bottlenecks are keeping delivered oil tight even as some Middle East exports recover. Oil Prices Rise as Inventory Draws and Middle East Tensions Support Crude
• Positive Sentiment: Market analysts continue to see upside risks for oil, with technical momentum pointing to potential breakouts above recent resistance levels near $100–$103 for WTI. Citi sees oil risks skewed to upside
• Neutral Sentiment: The U.S. authorized an emergency release of up to 400,000 barrels from the Strategic Petroleum Reserve. The relatively limited release may provide only temporary relief, but it signals an effort to contain prices and supply concerns. US authorizes emergency oil release
• Neutral Sentiment: A presidential order designating oil production and refining as essential to national defense could support domestic supply and refining capacity over time, though it has limited immediate impact on USO. Trump invokes Defense Production Act for oil
• Negative Sentiment: Earlier declines attributed to a technical correction show that oil’s sharp advance could trigger profit-taking, although subsequent supply concerns have so far preserved the broader bullish trend. Oil Falls on Likely Technical Correction

United States Oil Fund Price Performance

The stock’s 50-day moving average price is $146.78 and its 200 day moving average price is $133.84. The firm has a market capitalization of $2.09 billion, a PE ratio of 19.22 and a beta of 0.01.

Insider Buying and Selling

In other news, major shareholder Financial Lp Hrt bought 101,212 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was acquired at an average cost of $158.02 per share, with a total value of $15,993,520.24. Following the transaction, the insider directly owned 61,589 shares in the company, valued at approximately $9,732,293.78. This trade represents a -255.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders acquired 148,833 shares of company stock worth $23,385,278 and sold 95,353 shares worth $14,737,344.

Hedge Funds Weigh In On United States Oil Fund

Several institutional investors have recently made changes to their positions in the company. Sowell Financial Services LLC purchased a new position in United States Oil Fund during the third quarter valued at approximately $254,000. Sepio Capital LP raised its stake in United States Oil Fund by 9.0% in the third quarter. Sepio Capital LP now owns 2,181 shares of the company’s stock worth $318,000 after buying an additional 181 shares in the last quarter. Herold Advisors Inc. purchased a new stake in United States Oil Fund during the third quarter worth $218,000. Franchise GP Ltd purchased a new stake in United States Oil Fund during the third quarter worth $5,953,000. Finally, Roan Capital Partners lifted its holdings in United States Oil Fund by 16.3% during the third quarter. Roan Capital Partners now owns 16,844 shares of the company’s stock worth $2,453,000 after buying an additional 2,358 shares during the period. Hedge funds and other institutional investors own 67.47% of the company’s stock.

United States Oil Fund Company Profile

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.