secwatch.observer — SEC 8-K summary
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Issuer:     United States Oil Fund, LP (USO)
CIK:        0001327068
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001104659-23-052227
Event type: other_material
Sentiment:  negative
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USO reports net loss of $9.4M for March 2023; NAV per share $66.47
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- Net loss of $9.4M on total loss of $8.5M; realized trading loss on commodity futures of $13.8M.
- NAV per share $66.47 (24.5M shares); month-end NAV $1.63B, up from $1.54B due to net creations.
- Unrealized gain on commodity futures of $4.5M partially offset realized losses; interest income $4.7M.
- Total expenses $921K, including $595K management fees and $178K professional fees.
- Net share increase of 1.6M (7.3M created, 5.7M redeemed) during the month.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327068/000110465923052227/0001104659-23-052227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327068/000110465923052227/tm2312904d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-052227

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer