---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-124469"
form_type: "8-K"
ticker: "USO"
cik: "0001327068"
company_name: "United States Oil Fund, LP"
filed_at: "2025-12-29T23:59:59+00:00"
generated_at: "2026-05-16T12:04:59.638696+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# USO reports $33M net loss for November; NAV per share $70.02

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-124469
- form_type: 8-K
- ticker: USO
- cik: 0001327068
- company_name: United States Oil Fund, LP
- filed_at: 2025-12-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327068/000110465925124469/0001104659-25-124469-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327068/000110465925124469/tm2533092d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-124469
- JSON: https://secwatch.observer/filing/0001104659-25-124469.json
- Plain text: https://secwatch.observer/filing/0001104659-25-124469.txt

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