The United States Oil Fund, LP (USO) closed at $157.31 on October 16, 2026, marking a gain of 2.42% over the prior 24 hours. The move extended a broader rally that has lifted the fund 6.59% over the past seven days.
Despite the recent momentum, USO's 30-day performance tells a more cautious story. The fund is still down 2.83% over that longer window, indicating that the current uptick follows a period of notable weakness.
USO is designed to track the price movements of light, sweet crude oil, and its daily swings tend to reflect broader sentiment in the energy commodity market. No market capitalization figure was available for the fund as of this report.
Traders and market observers will be watching whether the fund can sustain its weekly gains or whether the 30-day downtrend reasserts pressure in the sessions ahead.
