The United States Oil Fund, LP (USO) closed at $144.04 on September 23, 2026, marking a decline of 2.79% over the prior 24 hours. The move extended a broader pullback that has seen the oil-tracking ETF shed 11.03% over the past seven days.
Despite the recent pressure, USO's 30-day performance tells a different story. The fund has gained 6.96% over the past month, suggesting the near-term losses represent a partial reversal of a more sustained rally rather than a prolonged downtrend.
USO is structured to track the price movements of West Texas Intermediate crude oil through futures contracts. Market capitalization data was not available for the fund as of the reporting date.
The divergence between the 30-day gain and the sharper weekly decline highlights the volatility that has characterized oil markets in the current period, with short-term swings cutting across longer-term trends.
