secwatch.observer — SEC 8-K summary
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Issuer:     United States Oil Fund, LP (USO)
CIK:        0001327068
Form:       8-K
Filed at:   2023-08-28T23:59:59+00:00
Accession:  0001104659-23-095589
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327068/000110465923095589/0001104659-23-095589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327068/000110465923095589/tm2323305d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-095589

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