secwatch.observer — SEC 8-K summary
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Issuer:     United States Oil Fund, LP (USO)
CIK:        0001327068
Form:       8-K
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0001104659-25-124469
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327068/000110465925124469/0001104659-25-124469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327068/000110465925124469/tm2533092d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-124469

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