United States Oil Fund LP (NYSEARCA:USO – Get Free Report) saw some unusual options trading on Wednesday. Stock investors purchased 101,801 call options on the stock. This represents an increase of approximately 75% compared to the typical daily volume of 58,108 call options.
Key United States Oil Fund News
Here are the key news stories impacting United States Oil Fund this week:
- Positive Sentiment: Large call‑option buying in USO shows direct bullish positioning by traders — unusually high call volume (about 101,801 contracts, ~75% above average) signals speculative flows into USO that can amplify upside in the ETF. Options Flow Report
- Positive Sentiment: Geopolitical pressure on supply: comments from U.S. officials and rising U.S.–Iran tensions have lifted crude sentiment and pushed prices higher, which typically supports USO. Oil jumps after Vance comments
- Positive Sentiment: Short‑term oil market bounce and trader positioning around Middle East risk: market commentary points to a bounce in crude amid renewed risk premium, benefitting oil ETFs like USO. Crude bounces on tensions
- Neutral Sentiment: U.S. Treasury guidance on Venezuelan oil operations clarifies tax/fee routing: the update could make some Venezuelan crude flows more administratively feasible for sanctioned‑era trade, but the practical impact on global supply is uncertain. US Treasury Venezuela guidance
- Neutral Sentiment: India’s first purchases of Venezuelan crude by Bharat Petroleum and HPCL Mittal indicate new buyer demand and evolving trade flows, but the volumes and timing mean limited near‑term effect on the broader market. India buys Venezuelan oil
- Negative Sentiment: Supply pressure indicators: reports of rising inventories and ramped output (e.g., Tengiz and resilient U.S. production) weigh on upside for oil prices, which could cap gains for USO if they persist. Tengiz output caps crude
- Negative Sentiment: Signs of diplomatic progress between the U.S. and Iran at times reduce the war premium and have led to short‑term pullbacks in oil prices, a risk that can reverse some of USO’s gains. Oil falls on de‑escalation hopes
United States Oil Fund Stock Up 4.8%
Shares of USO stock opened at $79.40 on Thursday. United States Oil Fund has a twelve month low of $60.67 and a twelve month high of $83.57. The company has a market cap of $1.05 billion, a P/E ratio of 19.22 and a beta of 0.40. The business has a fifty day simple moving average of $72.59 and a 200 day simple moving average of $72.52.
Institutional Investors Weigh In On United States Oil Fund
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.
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