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United States Oil Fund (NYSE Arca: USO) reports June 2026 net loss

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

United States Oil Fund, LP reported a monthly account statement for the period ended June 30, 2026, showing a $366,362,873 net loss. Results reflected large realized and unrealized losses on commodity futures and swap contracts, partly offset by dividend income of $3,737,247 and interest income of $1,457,776.

Net asset value was $1,731,312,535 at June 1, 2026 and $1,753,725,242 at month-end, after additions of $1,394,173,824 from 12,000,000 shares and withdrawals of $1,005,398,244 from 8,900,000 shares. Net asset value per share was $105.50 based on 16,623,603 shares outstanding.

Positive

  • None.

Negative

  • United States Oil Fund recorded a $366,362,873 net loss for June 2026, driven largely by realized and unrealized losses on commodity futures and swap contracts.

Filing Explained

The July 29 8-K furnishes the June monthly account statement under Item 7.01; it is not treated as filed for Section 18 liability or incorporated by reference into Securities Act filings unless specifically referenced.

Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net Income (Loss) $366,362,873 Net loss for the month ended June 30, 2026
Realized Loss on Commodity Futures $193,497,934 Realized trading loss on commodity futures for June 2026
Unrealized Loss on Commodity Futures $132,295,090 Unrealized loss on market value of commodity futures for June 2026
Unrealized Gain on Swap Contracts $13,266,443 Unrealized gain on fair value of swap contracts for June 2026
Net Asset Value Beginning of Month $1,731,312,535 Net asset value at June 1, 2026
Net Asset Value End of Month $1,753,725,242 Net asset value at June 30, 2026
Net Asset Value Per Share $105.50 NAV per share at June 30, 2026 based on 16,623,603 shares
Additions and Withdrawals Additions $1,394,173,824; Withdrawals $1,005,398,244 Capital activity during June 2026
Realized Trading Gain (Loss) financial
"Realized Trading Gain (Loss) on Commodity Futures"
Unrealized Gain (Loss) financial
"Unrealized Gain (Loss) on Market Value of Commodity Futures"
Net Asset Value financial
"Net Asset Value End of Month $ 1,753,725,242"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
Commodity Futures financial
"Realized Trading Gain (Loss) on Commodity Futures"
Swap Contracts financial
"Realized Gain (Loss) on Swap Contracts"
ETF Transaction Fees financial
"ETF Transaction Fees $ 16,450"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What net income or loss did United States Oil Fund (USO) report for June 2026?
United States Oil Fund reported a net loss of $366,362,873 for June 2026. This monthly result reflects substantial realized and unrealized losses on commodity futures and swap contracts, partially offset by dividend income, interest income, and ETF transaction fees.

How did USO’s net asset value change during June 2026?
Net asset value rose from $1,731,312,535 on June 1 to $1,753,725,242 at month-end. This change includes capital additions and withdrawals along with the monthly net loss of $366,362,873, giving a complete picture of capital flows and performance.

What additions and withdrawals did USO record in June 2026?
United States Oil Fund had $1,394,173,824 in additions from 12,000,000 shares and $1,005,398,244 in withdrawals from 8,900,000 shares. These subscription and redemption flows were a major driver of the change in total net asset value during the month.

What was United States Oil Fund’s net asset value per share at June 30, 2026?
Net asset value per share was $105.50 at June 30, 2026, based on 16,623,603 shares outstanding. This per-share figure incorporates the month’s trading results, expenses, and capital activity, giving investors a concise measure of value at period-end.

What were the main sources of income and loss for USO in June 2026?
The largest negative items were $193,497,934 realized losses on commodity futures and $132,295,090 unrealized losses on those futures, plus $57,905,687 realized losses on swaps. Positive contributors included $13,266,443 unrealized gains on swaps, $3,737,247 in dividends, and $1,457,776 in interest.

What expenses did United States Oil Fund incur during June 2026?
Total expenses were $1,142,078 for June 2026. Key components were general partner management fees of $698,928, professional fees of $199,384, brokerage commissions of $191,120, and smaller amounts for directors’ fees, insurance, and license fees.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 29, 2026

 

UNITED STATES OIL FUND, LP 

(Exact name of registrant as specified in its charter)

 

Delaware 001-32834 20-2830691
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation)   Identification No.)
     
  1850 Mt. Diablo Boulevard, Suite 640  
Walnut Creek, California 94596  
(510) 522-9600 (Address of principal executive offices) (Zip Code)  
Registrant’s telephone number,  
including area code    

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered:
Shares of United States Oil Fund, LP   USO   NYSE Arca, Inc.

 

 

 

 

 

 

Item 7.01. Regulation FD Disclosure.

 

On July 29, 2026, United States Oil Fund, LP (the “Registrant”) issued its monthly account statement for the month ended June 30, 2026, which is presented in the form of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required pursuant to Rule 4.22 under the Commodity Exchange Act. A copy of the monthly account statement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and also can be found on the Registrant’s website at www.uscfinvestments.com. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit 99.1

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  UNITED STATES OIL FUND, LP
  By: United States Commodity Funds LLC, its general partner
     
Date: July 29, 2026 By: /s/ Stuart P. Crumbaugh
  Name: Stuart P. Crumbaugh
  Title: Chief Financial Officer

 

 

 

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended June 30, 2026

 

Statement of Income (Loss)    
Income    
Realized Trading Gain (Loss) on Commodity Futures  $(193,497,934)
Realized Gain (Loss) on Swap Contracts   (57,905,687)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (132,295,090)
Unrealized gain (loss) on Fair Value of Swap Contracts   13,266,443 
Dividend Income   3,737,247 
Interest Income   1,457,776 
ETF Transaction Fees   16,450 
Total Income (Loss)  $(365,220,795)
      
Expenses     
General Partner Management Fees  $698,928 
Professional Fees   199,384 
Brokerage Commissions   191,120 
Directors' Fees and Insurance   29,349 
License Fees   23,297 
Total Expenses  $1,142,078 
Net Income (Loss)  $(366,362,873)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 6/1/26  $1,731,312,535 
Additions (12,000,000 Shares)   1,394,173,824 
Withdrawals (8,900,000 Shares)   (1,005,398,244)
Net Income (Loss)   (366,362,873)
      
Net Asset Value End of Month  $1,753,725,242 
Net Asset Value Per Share (16,623,603 Shares)  $105.50 

 

To the Limited Partners of United States Oil Fund, LP:

 

Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended June 30, 2026 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  

Stuart P. Crumbaugh

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Oil Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596

 

 

 

 

Source: View Original Filing on SEC EDGAR

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