United States Oil Fund, LP (USO) Latest Filing Signal

Based on earningsVibe SuperAnalyst™ synthesis of the latest 10-K, United States Oil Fund, LP's filing signal turned negative.

United States Oil Fund, LP (USO) is a Delaware limited partnership organized to track the daily percentage changes in the spot price of light, sweet crude oil. It achieves this by investing in futures contracts for light, sweet crude oil, other crude oil types, and petroleum-based fuels traded on exchanges like NYMEX and ICE Futures, as well as other oil-related investments such as OTC swaps. USO's investment objective is for the average daily percentage change in its net asset value (NAV) over 30 successive valuation days to be within +/- 10% of the average daily percentage change in the price of a specified short-term futures contract on light, sweet crude oil, known as the Benchmark Oil Futures Contract. The fund's general partner, United States Commodity Funds LLC (USCF), manages USO's investments and operations, with USO's shares trading on the NYSE Arca.

USO's primary revenue driver is the change in the value of its investments in oil futures contracts and other oil-related investments, which are intended to track the spot price of light, sweet crude oil. The fund also earns interest income on its collateral holdings.