USO reports $270M May loss as oil futures decline offsets $66M realized gains

Filed June 29, 2026 · Period ending June 29, 2026 · ~1 min read

Key Changes

• high

  Fund recorded $270.1M net loss in May 2026, driven by $304.2M unrealized losses on oil futures as prices declined, partially offset by $65.6M realized trading gains.

  Exhibit 99.1 verify on EDGAR →
• medium

  Net asset value rose from $1.69B to $1.73B despite the loss, as 13.3M shares were created and 11.3M redeemed (net 2M share increase); NAV per share ended at $128.02.

  Exhibit 99.1 verify on EDGAR →
• medium

  Realized gains of $65.6M from futures trading and $8.1M from swaps demonstrate active portfolio management amid volatile oil markets.

  Exhibit 99.1 verify on EDGAR →