---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-063400"
form_type: "8-K"
ticker: "USO"
cik: "0001327068"
company_name: "United States Oil Fund, LP"
filed_at: "2025-06-27T23:59:59+00:00"
generated_at: "2026-05-18T15:35:19.845319+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# USO reports net income of $57M for May 2025; NAV per share $67.07

## Summary
- Net income of $57.0M for month, driven by $45.7M unrealized gain on commodity futures and $5.2M on swaps.
- NAV end-of-month $907.0M, down from $981.0M beginning; net redemptions of (11.9M shares) vs. additions 10M.
- NAV per share $67.07 on 13.5M outstanding shares.
- Realized trading loss on futures of $3.8M offset by $7.4M realized gain on swap contracts.
- Total expenses $735K, including management fees $370K and brokerage commissions $152K.

## SEC filing metadata
- accession: 0001104659-25-063400
- form_type: 8-K
- ticker: USO
- cik: 0001327068
- company_name: United States Oil Fund, LP
- filed_at: 2025-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327068/000110465925063400/0001104659-25-063400-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327068/000110465925063400/tm2517979d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-063400
- JSON: https://secwatch.observer/filing/0001104659-25-063400.json
- Plain text: https://secwatch.observer/filing/0001104659-25-063400.txt

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