USO reports Nov 2023 net loss of $85.9M; NAV falls 14.5% to $70.85/share

United States Oil Fund, LP

Net loss of $85.9M for month ended Nov 30, 2023, driven by $101.2M realized trading loss on commodity futures.
NAV decreased from $1.76B to $1.50B; NAV per share $70.85 on 21.2M shares.
Shareholder flows: 10.3M shares added ($739M), 12.6M shares withdrawn ($909M).
Total income loss of $84.9M; interest income $4.5M, dividend income $2.1M.
Expenses of $987.6K including $614.7K management fees.

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