other material
confidence high
sentiment negative
materiality 0.40
USO reports May 2023 net loss of $150M; NAV per share $60.89
United States Oil Fund, LP
- Net loss for May 2023: $149.96M, driven by $96.3M unrealized loss on commodity futures.
- Realized trading loss on futures $30.7M; realized loss on swaps $28.4M.
- Net asset value per share at May 31: $60.89 (26.7M shares outstanding).
- Net asset value increased to $1.627B from $1.534B due to net additions of shares.
- Total income loss $149M; expenses $0.95M.