USO Stock Summary and Trading Ideas (United States Oil | ARCA:USO)

The investment objective of USO is for the changes in percentage terms of its units net asset value (NAV) to reflect the changes in percentage terms of the spot price of light sweet crude oil delivered to Cushing Oklahoma as measured by the changes in the price of the futures contract for light sweet crude oil traded on the New York Mercantile Exchange (the NYMEX) less USOs expenses.

United States Oil trades on the ARCA stock market under the symbol USO.

As of December 20, 2024, USO stock price climbed to $73.10 with 1,506,335 million shares trading.

USO has a beta of 0.61, meaning it tends to be less sensitive to market movements. USO has a correlation of 0.07 to the broad based SPY ETF.

USO has a market cap of $1.07 billion. This is considered a Small Cap stock.

In the last 3 years, USO traded as high as $92.20 and as low as $50.59.

USO has underperformed the market in the last year with a return of +6.3%, while the SPY ETF gained +27.8%. In the last 3 month period, USO fell short of the market, returning +0.2%, while SPY returned +4.4%. However, in the most recent 2 weeks USO has outperformed the stock market by returning +4.1%, while SPY returned -2.4%.

USO support price is $71.54 and resistance is $73.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that USO shares will trade within this expected range on the day.