secwatch.observer — SEC 8-K summary
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Issuer:     United States Oil Fund, LP (USO)
CIK:        0001327068
Form:       8-K
Filed at:   2023-12-28T23:59:59+00:00
Accession:  0001104659-23-129953
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USO reports Nov 2023 net loss of $85.9M; NAV falls 14.5% to $70.85/share
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- 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- Shareholder flows: 10.3M shares added ($739M), 12.6M shares withdrawn ($909M).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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327068/000110465923129953/0001104659-23-129953-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327068/000110465923129953/tm2332808d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-129953

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