Routine monthly disclosure with no new strategic information. Monitor oil futures volatility and fund tracking error; the large unrealized losses reflect May price moves.
Price Chart
Executive Summary
USO filed its monthly account statement for May 2026, reporting a net loss of $270.1M primarily from unrealized losses on commodity futures and swaps. Net asset value per share ended at $128.02, with total NAV increasing slightly to $1.73B due to net share creation. This is a routine regulatory filing with no material new information for traders.
Key Facts
- Net loss of $270,124,551 for May 2026
- Unrealized loss on commodity futures of $304,244,780
- Unrealized loss on swap contracts of $43,658,055
- Net asset value per share: $128.02 (13,523,603 shares)
- Net asset value end of month: $1,731,312,535
- Additions of 13,300,000 shares ($1.88B) and withdrawals of 11,300,000 shares ($1.57B)
Financial Impact
Net loss of $270M driven by $304M unrealized futures loss and $44M unrealized swap loss
Risk Factors
- Continued oil price volatility impacting NAV
- Contango/backwardation effects on rolling futures positions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-078516 |
| Document: tm2617346d1_ex99-1.htm | 0001104659-26-078516 |
| Document: 0001104659-26-078516-index-headers.html | 0001104659-26-078516 |
| Document: 0001104659-26-078516-index.html | 0001104659-26-078516 |
| Document: 0001104659-26-078516.txt | 0001104659-26-078516 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | 8-K | $129.70 $150.01 | ▲ +15.66% | ▲ +15.40% | $142.40 (+9.79%) |
Jul 29, 2026 9w ago | 8-K | $129.31 $127.35 | ▼ −1.52% | ▼ −6.54% | $142.40 (+10.12%) |
Jun 29, 2026 13w ago | 8-K | $107.08 $136.69 | ▲ +27.65% | ▲ +27.93% | $142.40 (+32.98%) |
May 28, 2026 18w ago | 8-K | $130.97 $109.31 | ▼ −16.54% | ▼ −13.85% | $142.40 (+8.73%) |
Apr 29, 2026 22w ago | 8-K | $150.58 $130.97 | ▼ −13.02% | ▼ −19.07% | $142.40 (−5.43%) |
Mar 20, 2026 27w ago | 8-K | $121.41 $121.33 | ▲ +0.07% | ▲ +9.39% | $142.40 (−17.29%) |
US Market Status
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