The United States Oil Fund, LP (USO) climbed 1.59% on Thursday, closing at $145.62. The daily advance offered a measure of relief after a turbulent stretch that left the fund down 2.21% over the prior seven days.
Despite the weekly weakness, the broader 30-day picture tells a more resilient story. USO has gained 8.87% over the past month, reflecting a sustained period of upward momentum in oil-linked assets heading into October.
The fund, which tracks oil futures prices, continued to draw attention as energy markets remained active. No market capitalization figure was available for the fund as of the reporting date.
Thursday's close at $145.62 leaves USO navigating a short-term pullback within what has otherwise been a notably positive monthly trend for the commodity-linked product.
