secwatch.observer — SEC 8-K summary
======================================

Issuer:     United States Oil Fund, LP (USO)
CIK:        0001327068
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0001104659-25-063400
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327068/000110465925063400/0001104659-25-063400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327068/000110465925063400/tm2517979d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-063400

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer