ETF Report: United States Oil (USO) Declines 3.4% for Nov 29

November 29, 2016 - By Ellis Scott   ·   0 Comments

Nov 29 is a negative day so far for United States Oil (NYSEARCA:USO) as the ETF is active during the day after losing 3.4% to hit $10.09 per share. The exchange traded fund has 3.39 billion net assets and 2.15% volatility this month.

Over the course of the day 5.88 million shares traded hands, as compared to an average volume of 42.05M over the last 30 days for United States Oil (NYSEARCA:USO).

The ETF is -30.66% of its 52-Week High and 27.38% of its low, and is currently having ATR of 0.27. This year’s performance is -11.18% while this quarter’s performance is -9.20%.

The ETF’s YTD performance is -4.27%, the 1 year is -28.9% and the 3 year is -32.79%.

The fund’s top holdings are: Future Contract On Wti Crude Future Dec16 for 49.24% of assets, US Treasury Bill for 1.23%.

More notable recent United States Oil Fund LP (ETF) (NYSEARCA:USO) news were published by: which released: “Goldman Sachs Is Suddenly Bullish On Oil Again” on November 28, 2016, also with their article: “Oil Plunges 4% As OPEC Deal Falls Apart” published on November 29, 2016, published: “Oil Plunges Once Again As OPEC Deal Hopes Fade” on November 14, 2016. More interesting news about United States Oil Fund LP (ETF) (NYSEARCA:USO) were released by: and their article: “United States Oil Fund LP (ETF) (USO): Let Oil Pay You” published on July 06, 2016 as well as‘s news article titled: “OPEC’s Production Cap Deal Could Be Inked Today” with publication date: November 22, 2016.

United States Oil Fund, LP is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc. (the NYSE Arca). The ETF has a market cap of $3.39 billion. 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. It currently has negative earnings. United States Commodity Funds LLC (USCF) is the general partner of USO and is responsible for the management of USO.

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By Ellis Scott

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