secwatch.observer — SEC 8-K summary
======================================

Issuer:     United States Oil Fund, LP (USO)
CIK:        0001327068
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001104659-23-075589
Event type: other_material
Sentiment:  negative
Materiality: 0.40
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USO reports May 2023 net loss of $150M; NAV per share $60.89
------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327068/000110465923075589/0001104659-23-075589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327068/000110465923075589/tm2318578d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-075589

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