other material
confidence high
sentiment neutral
materiality 0.30
USO reports net loss of $28M for August 2024; NAV per share $74.29
United States Oil Fund, LP
- Net loss of $28,023,407 for month ended Aug 31, 2024; total income loss of $27.1M.
- Realized trading loss on commodity futures of $32.5M; unrealized gain of $13.0M.
- Net asset value per share $74.29 on 18.6M shares; total NAV $1.38B.
- Additions of 12.2M shares ($915M) and withdrawals of 9.8M shares ($757M) during month.
- Expenses of $903,936 including management fees ($469K) and brokerage ($134K).