United States Oil Fund (NYSEARCA:USO) Reaches New 1-Year High – Time to Buy?

United States Oil Fund LP (NYSEARCA:USO) reached a new 52-week high during trading on Friday . The company traded as high as $140.00 and last traded at $137.92, with a volume of 63816748 shares trading hands. The stock had previously closed at $124.09.

Key United States Oil Fund News

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

• Positive Sentiment: President Trump’s escalation comments and a speech that signaled continued strikes on Iran reignited fear of prolonged Strait of Hormuz disruptions, driving oil buyers into ETFs like USO. Trump’s Iran war speech paints a grim picture for oil markets with more than 600 million barrels at risk
• Positive Sentiment: Physical Brent spot for near‑term cargoes jumped to levels not seen since 2008, signaling acute tightness in prompt supply — bullish for short‑dated crude exposure that USO provides. Brent oil spot price for actual cargo soars to $141, highest level since 2008 financial crisis
• Positive Sentiment: J.P. Morgan warned oil could top $150 if Strait‑of‑Hormuz disruptions persist into mid‑May — a scenario that would sustain strong flows into oil ETFs and futures vehicles. J.P. Morgan warns oil could top $150 if disruptions persist into mid‑May
• Positive Sentiment: Technical and momentum commentary suggests a breakout cycle in crude could extend upside toward prior highs, supporting further inflows to USO if prices keep climbing. Crude Oil Price Forecast: Breakout Cycle Signals Further Upside
• Neutral Sentiment: OPEC+ sources say the group may consider another output increase at an upcoming meeting — a potential offset to the rally if implemented, so watch official OPEC+ moves. OPEC+ likely to weigh further oil output hike on Sunday, sources say
• Negative Sentiment: The IEA is weighing further releases from strategic petroleum reserves to ease the supply shock — such releases could blunt price spikes and reduce near‑term upside for USO. Oil supply crunch will worsen in April, IEA warns as it weighs releasing more strategic reserves
• Negative Sentiment: U.S. crude inventories posted a sixth straight weekly build, a reminder that domestic stock data can cap rallies in futures and ETFs if builds continue. U.S. Crude Oil Supplies Post Sixth Straight Weekly Build

United States Oil Fund Price Performance

The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 19.22 and a beta of 0.40. The firm’s 50-day moving average is $95.01 and its 200 day moving average is $79.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Activest Wealth Management acquired a new position in shares of United States Oil Fund during the third quarter worth $28,000. Raymond James Financial Inc. purchased a new stake in United States Oil Fund during the 2nd quarter worth $38,000. Financial Consulate Inc. purchased a new stake in United States Oil Fund during the 3rd quarter worth $42,000. PNC Financial Services Group Inc. acquired a new position in United States Oil Fund in the 4th quarter worth $48,000. Finally, Advisory Services Network LLC acquired a new position in United States Oil Fund in the 3rd quarter worth $57,000. Institutional investors and hedge funds own 67.47% of the company’s stock.

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.