The United States Oil Fund, LP (USO) gained 1.50% on Thursday, bringing its price to $166.41. The move added to an already strong stretch for the oil-tracking exchange-traded fund.
Over the past seven days, USO has climbed 4.16%, reflecting sustained upward momentum in the fund's recent trading. The 30-day performance is more pronounced, with the fund advancing 10.95% over that period.
USO is designed to track the price movements of light, sweet crude oil, and its performance serves as a widely watched barometer for near-term oil market conditions. Market capitalization data for the fund was not available as of the reporting date.
The consecutive gains across the one-day, seven-day, and thirty-day windows mark one of the more consistent upward runs for the fund in recent weeks.
