secwatch.observer — SEC 8-K summary
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Issuer:     United States Oil Fund, LP (USO)
CIK:        0001327068
Form:       8-K
Filed at:   2025-03-24T23:59:59+00:00
Accession:  0001171200-25-000105
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USCF GP reports $7.1M total assets, $5.3M equity as of Dec 2024
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- Total assets $7,128,612, down from $8,686,371 in 2023; cash & equivalents $2.27M.
- Member's equity $5,278,930 vs $6,217,387 in 2023; investments at fair value $2.33M.
- Litigation contingency: Optimum Strategies Action filed Apr 2022, discovery ongoing, no loss estimate.
- Office lease extended to Mar 2028; future minimum payments $567K, discount rate 6%.
- Effective May 2024, UNL management fee reduced to 0.60% and voluntary fee waiver terminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327068/000117120025000105/0001171200-25-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327068/000117120025000105/i25114_uso-8k.htm
  HTML page:      https://secwatch.observer/filing/0001171200-25-000105

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