---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-129953"
form_type: "8-K"
ticker: "USO"
cik: "0001327068"
company_name: "United States Oil Fund, LP"
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:16:15.956919+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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- Shareholder flows: 10.3M shares added ($739M), 12.6M shares withdrawn ($909M).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.

## SEC filing metadata
- accession: 0001104659-23-129953
- form_type: 8-K
- ticker: USO
- cik: 0001327068
- company_name: United States Oil Fund, LP
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327068/000110465923129953/0001104659-23-129953-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327068/000110465923129953/tm2332808d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-129953
- JSON: https://secwatch.observer/filing/0001104659-23-129953.json
- Plain text: https://secwatch.observer/filing/0001104659-23-129953.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.