other material
confidence high
sentiment negative
materiality 0.50
USO reports net loss of $32.6M for July 2024; NAV per share $77.28
United States Oil Fund, LP
- Net loss of $32,580,029 for July 2024; total income (loss) of $(31,713,403).
- Realized trading gain on commodity futures of $59.6M offset by unrealized loss of $(86.1)M.
- Net asset value fell from $1.260B to $1.254B; 16.2M shares outstanding.
- Net additions of 0.4M shares during month; total expenses of $866,626.
- Management fees $471,873; brokerage commissions $95,300; professional fees $248,442.