secwatch.observer — SEC 8-K summary
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Issuer:     United States Oil Fund, LP (USO)
CIK:        0001327068
Form:       8-K
Filed at:   2023-11-28T23:59:59+00:00
Accession:  0001104659-23-121487
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USO reports $129.7M net loss for October 2023; NAV/share $74.79
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- Net loss of $129.7M for month ended Oct 31; total income loss of $128.7M.
- Unrealized loss on commodity futures of $111.5M; realized swap loss of $25.4M.
- NAV per share $74.79 on 23.5M shares; net creations of 4.6M shares (15.2M added, 10.6M withdrawn).
- Total expenses $963K; management fees $606K.
- NAV increased from $1.528B to $1.759B due to share creations, partially offset by the net loss.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327068/000110465923121487/0001104659-23-121487-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327068/000110465923121487/tm2330722d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-121487

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