USO Reports $271.1M Net Income for April 2026, NAV Decreases to $1.69B

The United States Oil Fund (USO) released its monthly account statement for the period ending April 30, 2026, reporting a net income of approximately $271.1 million. Despite the positive income, the fund's Net Asset Value (NAV) decreased from $2.64 billion to $1.69 billion during the month, driven by significant share withdrawals.

Key Details

• Net Income: The fund reported a net income of $271,053,004 for the month of April 2026.
• Net Asset Value (NAV): The NAV at the end of the month was $1,692,436,477, down from $2,644,609,680 at the beginning of the month.
• Share Activity: The fund experienced net outflows, with withdrawals of 22,300,000 shares exceeding additions of 12,900,000 shares.
• NAV Per Share: The Net Asset Value per share was $146.87 as of April 30, 2026.