secwatch.observer — SEC 8-K summary
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Issuer:     United States Oil Fund, LP (USO)
CIK:        0001327068
Form:       8-K
Filed at:   2025-05-28T23:59:59+00:00
Accession:  0001104659-25-053366
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327068/000110465925053366/0001104659-25-053366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327068/000110465925053366/tm2514809d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-053366

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