USO reports July 2023 net income of $213M; NAV per share $73.14

United States Oil Fund, LP

Net income of $213.3M for July, driven by $139.8M unrealized gain on commodity futures and $38.1M realized swap gain.
Total income of $214.2M; expenses of $0.9M (GP mgmt fees $0.6M).
NAV per share of $73.14 on 20.2M shares outstanding; net redemptions of 4.6M shares during month.
Net asset value decreased from $1.58B to $1.48B due to net redemptions of $313.9M offset by net income.

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