other material
confidence high
sentiment negative
materiality 0.50
USO reports $33M net loss for November; NAV per share $70.02
United States Oil Fund, LP
- Net loss of $32.96M for November 2025; NAV fell from $960.05M to $925.90M.
- Unrealized losses on commodity futures ($28.48M) and swaps ($7.40M) drove the monthly loss.
- Realized trading loss on futures of $1.42M offset by realized gain on swaps of $2.22M.
- NAV per share closed at $70.02 on 13.22M shares outstanding.
- Dividend and interest income totaled $2.78M; total expenses were $683,585.