other material
confidence high
sentiment negative
materiality 0.50
USO November 2024 monthly account statement: $11.5M net loss, NAV $70.98/share
United States Oil Fund, LP
- Net loss of $11.5M for month ended Nov 30, 2024; total income loss of $10.7M.
- NAV per share $70.98; total NAV $1.20B on 16.9M outstanding shares.
- Realized trading loss on commodity futures of $38.1M, offset by unrealized gain of $27.1M.
- Share net redemptions: 8.8M added, 8.9M withdrawn, net -100K shares.
- Total expenses $808K; management fees $448K.