The United States Oil Fund, LP (USO) dropped 7.04% on Tuesday, November 3, 2026, closing at $156.93. The move marked one of the fund's steeper single-session losses in recent trading and drew attention from investors tracking crude oil market conditions.
The decline compounded an already difficult stretch for the exchange-traded fund. Over the trailing seven days, USO has fallen 5.59%, reflecting sustained selling pressure across the oil complex during that period.
Despite the near-term weakness, the fund's 30-day performance tells a more mixed story. USO is still up 6.45% over the past month, suggesting the recent pullback follows a period of relative strength earlier in the trailing window.
Market capitalization data for USO was not available at the time of publication. As an exchange-traded fund structured as a limited partnership, USO tracks movements in crude oil prices through futures contracts, making it sensitive to shifts in the broader energy market.
