Recent Updates — USO

The fund posted a net gain of $179,970,315 for the month ended September 30, 2026, driven by realized trading gains on commodity futures and swap contracts that were partially offset by unrealized losses on market value adjustments. Net asset value per share stood at $145.44 based on 11,323,603 shares outstanding, with the total net asset value declining to $1,646,935,704 from a beginning balance of $1,790,469,813 due to significant share withdrawals. The fund operates in the energy sector by tracking the price of West Texas Intermediate crude oil through futures contracts and cash-settled swaps.

The Marygold Companies, Inc. (TMC), the sole shareholder of USCF Investments, Inc., entered into a definitive agreement with Madison Dearborn Partners to acquire TMC in an all-cash transaction. This acquisition will result in TMC becoming privately held and delisting its common stock from the New York Stock Exchange, expected to close in the first half of 2027 subject to customary conditions including regulatory approvals. The deal impacts United States Oil Fund, LP through its ownership chain, as USCF is the general partner of the fund. Following the transaction, Madison Dearborn Partners and TMC leaders plan to execute a transformation strategy to refocus USCF's business operations. This company operates in the financial services industry, specifically managing exchange-traded commodity funds.