United States Oil Fund LP ( (USO) ) has provided an update.
United States Oil Fund, LP reported a net loss of approximately $74.8 million for September 2024, driven by realized losses in commodity futures and swap contracts. Despite the losses, the fund’s net asset value remains substantial at about $1.34 billion, equivalent to $69.86 per share. This financial insight provides a snapshot of the fund’s performance and its resilience amidst market fluctuations, intriguing those following the dynamics of oil investments.
For an in-depth examination of USO stock, go to TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
