**United States Oil Fund, LP Reports Annual Financial Results**
The United States Oil Fund, LP (USO), a commodity pool offering shares traded on the NYSE Arca, released its financial results for the year ended December 31, 2025. The fund reported a net loss of $64.66 million, or $6.35 per limited partner share, compared to a net income of $221.12 million, or $8.54 per limited partner share, for the year ended December 31, 2024. The decrease in profitability was primarily attributed to lower prices for WTI crude oil and the related decrease in the value of the Oil Futures Contracts in which USO held and traded.
USO's average daily total net assets decreased to $979.96 million in 2025 from $1.32 billion in 2024. Dividend and interest income earned on Treasuries, cash, and cash equivalents totaled $38.44 million, yielding an annualized rate of 3.92%, down from $62.87 million and 4.77% in the previous year. Management fees amounted to $4.41 million, while total fees and other expenses, excluding management fees, were $4.05 million. Brokerage commissions totaled $1.49 million, representing 0.15% of average total net assets.
During 2025, USO issued 91.2 million partnership shares through Creation Baskets and redeemed 92.8 million shares through Redemption Baskets. The fund's net asset value (NAV) per share decreased from $75.45 at the end of 2024 to $69.10 at the end of 2025. The fund's investment strategy remained focused on tracking 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 Benchmark Oil Futures Contract.
Looking ahead, USO will continue to monitor market conditions, regulatory requirements, and risk mitigation measures to optimize its investment portfolio. The fund retains the flexibility to invest in Oil Futures Contracts beyond the Benchmark Oil Futures Contract and Other Oil-Related Investments, such as OTC swaps, if deemed necessary to meet its investment objective. USO also intends to maintain adequate liquidity to meet its margin and collateral requirements and to avoid becoming leveraged.
About United States Oil Fund, LP
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