---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-053366"
form_type: "8-K"
ticker: "USO"
cik: "0001327068"
company_name: "United States Oil Fund, LP"
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T07:38:46.740177+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# USO reports $185M net loss for April; NAV per share ends at $63.60

## Summary
- Net loss of $184.97M for April; driven by unrealized losses of $88.7M on futures and $13.5M on swaps.
- Total income (loss) of -$184.3M; realized trading loss of $45.2M on futures, $40.2M on swaps.
- Net asset value per share $63.60 at April 30; 15.4M shares outstanding.
- Share issuances of 14.8M shares ($1.004B) and redemptions of 12M shares ($814M) during month.
- Management fees $356k; total expenses $663k.

## SEC filing metadata
- accession: 0001104659-25-053366
- form_type: 8-K
- ticker: USO
- cik: 0001327068
- company_name: United States Oil Fund, LP
- filed_at: 2025-05-28T23:59:59+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/1327068/000110465925053366/0001104659-25-053366-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327068/000110465925053366/tm2514809d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-053366
- JSON: https://secwatch.observer/filing/0001104659-25-053366.json
- Plain text: https://secwatch.observer/filing/0001104659-25-053366.txt

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