The United States Oil Fund, LP (USO) dropped 3.88% on Tuesday, closing at $142.65 as sellers maintained control of the energy-linked exchange-traded fund. The single-session loss added to what has been a difficult stretch for the fund across multiple timeframes.
Over the past seven days, USO has fallen 9.10%, reflecting sustained downward momentum in oil-related assets. The 30-day decline stands at 3.77%, indicating that pressure on the fund has persisted throughout the broader monthly period as well.
USO is structured to track the price movements of crude oil through futures contracts, meaning its performance closely mirrors shifts in the underlying commodity market. No market capitalization figure was available for the fund as of the date of this report.
Tuesday's close at $142.65 marks a continuation of recent weakness, with the fund now sitting notably lower than where it traded a week ago. The combined weekly and monthly losses underscore the degree of selling that has accumulated in the energy space over that period.
