United States Oil Fund (NYSEARCA:USO) Hits New 12-Month High – Time to Buy?

Posted by George Bondi on Sep 10th, 2026

United States Oil Fund LP (NYSEARCA:USO – Get Free Report)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $154.83 and last traded at $153.59, with a volume of 1865180 shares. The stock had previously closed at $149.97.

More United States Oil Fund News

Here are the key news stories impacting United States Oil Fund this week:

Positive Sentiment: Escalating attacks on oil tankers and shipping routes have deepened concerns about supply disruptions in the Middle East. Brent crude remained above $100 as traders assessed the risk of prolonged interruptions to regional exports. Brent holds above $100 as tanker attacks deepen supply fear
Positive Sentiment: OPEC production reportedly fell in August, partly because Saudi exports faced disruption and a U.S. blockade reduced Iranian shipments. Lower near-term supply is supportive for crude prices and USO. OPEC oil output falls in August
Positive Sentiment: Chinese independent refiners are aggressively sourcing crude from West Africa, Canada and South America to replace shrinking Iranian and Russian supplies. The resulting multi-month-high spot premiums indicate tight physical markets. China independent refiners scramble for oil
Neutral Sentiment: OPEC+ kept its October production policy unchanged, suggesting limited willingness or ability to offset current supply disruptions. However, the impact depends on how long the conflict affects exports and shipping. OPEC+ Keeps October Output Same
Negative Sentiment: OPEC lowered its 2026 global oil-demand growth forecast for the fifth consecutive time, to 380,000 barrels per day from 580,000 previously. The downgrade signals weaker expected consumption and could eventually limit crude-price gains. OPEC further lowers 2026 global oil demand growth forecast

United States Oil Fund Price Performance

The company has a market cap of $2.40 billion, a PE ratio of 19.22 and a beta of -0.02. The business has a fifty day simple moving average of $126.27 and a two-hundred day simple moving average of $123.88.

Institutional Investors Weigh In On United States Oil Fund

A number of hedge funds have recently made changes to their positions in USO. Raymond James Financial Inc. bought a new stake in United States Oil Fund during the second quarter valued at about $38,000. PNC Financial Services Group Inc. purchased a new stake in shares of United States Oil Fund during the fourth quarter valued at about $48,000. Parallel Advisors LLC purchased a new stake in shares of United States Oil Fund during the first quarter valued at about $57,000. Advisory Services Network LLC purchased a new stake in shares of United States Oil Fund during the third quarter valued at about $57,000. Finally, Ancora Advisors LLC boosted its holdings in shares of United States Oil Fund by 100.0% in the 3rd quarter. Ancora Advisors LLC now owns 1,380 shares of the company’s stock valued at $102,000 after buying an additional 690 shares in the last quarter. 67.47% of the stock is currently owned by hedge funds and other institutional investors.

United States Oil Fund Company Profile

(Get Free Report)

United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.