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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.
