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The Screen · ETF

United States Oil Fund logoUnited States Oil Fund

USO · NYSE ARCA · USD

USO seeks to achieve its investment objective by investing primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.

Not yet scored
169.53 USD

Price as of 23 Oct 2026Daily close, not a live quoteLast reviewed 6 days ago

Screened 2026-10-23 · the tape above runs as of 07:18 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed

Key facts today

  • Price169.53 USD at the 23 Oct 2026 close
  • Our ratingOvervalued, current read accumulation
  • Ethical screenNot yet scored
  • OptionsOpen interest leans to puts (put/call 1.21)
  • Last reviewed23 Oct 2026 (6 days ago)

A summary of the dated readings below, not a live quote and not advice.

PRICE · FAIR-VALUE RANGE1M3M6MYTD1Y3Y5Y

What this means: price 169.53 against the desk's fair-value range, over the last year.

Current read
Accumulation ?
OVERVALUED · screened 2026-10-23
  • Trend Accumulation
  • Insiders no filings inside 60 days, left as found
  • Positioning no disclosures inside 60 days, left as found
  • Options put/call open interest 1.21, read 2026-10-28
  • Ethical screen not yet scored
Price169.53 USD
Ethical score30.0/100
RatingOVERVALUED
Our investment reviews on this name
2026-10-25Read Accumulation157.31+7.8% to today ✓Distribution gives way to Accumulation after a 7% rise in 2 weeks
2026-10-11Read Distribution147.58+14.9% to today Markup gives way to Distribution after a 15% rise in 14 weeks
2026-07-02Read Markup128.83+31.6% to today ✓First review on file: Markup

Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.

The full research record, in depth, below
The Label · The Season, Not the Day

This name holds its accumulation label.

United States Oil Fund holds its Accumulation at $169.53. Consolidating, no directional conviction, held for 11 days.

As held on the ledger · 2026-10-23
PhaseAccumulation
Quantitative stateConsolidating, no directional conviction, held for 11 days
Price at the screen$169.53
Valuation44.65 trailing · N/A forward price to earnings
Values screenNot scored · score 30.0
The Workings

Five Screens, Shown in Full

This security has not been fully scored against the values screen yet.

TestFigureLimitWhat it meansStatus
Business activity Excluded Core business clean Not a Shariah-screened or physical-metal instrument: needs a real screen Fail
Debt load Excluded Below 33% Interest-bearing debt is of its assets, above the one-third ceiling the screen allows. Fail
Interest-bearing cash Excluded Below 33% Interest-bearing cash and securities are of assets, above the one-third limit. Fail
Receivables Excluded Below 49% Money owed to the company is of assets, above the 49% limit. Fail

Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.

The Ethical Read

The Read, in Plain English

United States Oil Fund is only partially screened so far, but one or more financial figures are still pending, so the verdict is not final yet.

Read as at 2026-10-28. It updates when the underlying figures move, and past reads are kept below.

2026-10-25

United States Oil Fund is only partially screened so far, but one or more financial figures are still pending, so the verdict is not final yet.

2026-09-24 Clears

United States Oil Fund clears all five screens. Its business is in a permissible area, its debt, cash, receivables and income are all inside the lines, so it passes.

Earlier reads, kept as written. The ethical profile is tracked over time, not overwritten.

What the Numbers Say It Is Worth

The Fair Value Range

Our analysis reads OVERVALUED

Price History & Projections
$146$93$41TODAY5y agoPROJECTION

Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-23 screen.

Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.

The Business, in Plain Words
The fundamentals · plain-English read
Trailing P/E44.7xexpensive: the price assumes strong growth ahead
52-week range65.99 - 163.35

The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.

Plain-English interpretation of our own screen data. Analysis, not advice.

Where & How to Trade

USO trades on NYSE ARCA. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The Dated Journal · Newest First, Never Edited

Every Entry, As Written

2026-10-25 Accumulation · changed $157.31 +0.0% Entry 9

The framework has shifted from distribution to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 88%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-10-18 Distribution $157.31 +6.6% Entry 8

The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 6.6% since our last review. Ethical screening: PASS with ethical pass with moderate score. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 54% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 88%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-10-11 Distribution · changed $147.58 -4.1% Entry 7

The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 4.1% since our last review. Ethical screening: PASS with ethical pass with moderate score. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 54% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 88%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-10-02 Markup $153.82 +24.1% Entry 6

Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 24.1% since our last review. Ethical screening: PASS with ethical pass with moderate score. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 54% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 88%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-09-16 Markup $123.96 +0.0% Entry 5

Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical pass with moderate score. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 54% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 88%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-08-15 Markup $123.96 -3.8% Entry 4

Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 3.8% since our last review. Ethical screening: PASS with ethical pass with moderate score. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 54% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 88%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-07-18 Markup $128.83 +0.0% Entry 3

Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical pass with moderate score. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 54% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 88%. Our forward projection puts the odds of a 10% gain over the next month near 30%.

2026-07-03 Markup $128.83 +0.0% Entry 2

Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical pass with moderate score. The risk-adjusted return profile shows good risk-adjusted returns.

2026-07-02 Markup $128.83 Entry 1

Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with ethical pass with moderate score. The risk-adjusted return profile shows good risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

Latest News · What the Market Is Reading on USO

Headlines from third-party outlets, linked for reference: not our reporting, not advice.

Related Securities · Others in USO's Space

Screened names in the same industry · explore each on its own page.

The Political Ledger · Congressional Disclosures
Disclosures naming USO
DatePoliticianPartyTypeAmount
2026-09-25 Ro Khanna Democrat buy 1K–15K
2026-09-25 Ro Khanna Democrat buy 1K–15K
2026-09-04 Ro Khanna Democrat buy 1K–15K
2026-09-04 Ro Khanna Democrat buy 1K–15K
2026-08-10 Ro Khanna Democrat buy 1K–15K
What Holding Actually Paid · Price Plus Dividends
If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $138.66 -3.1% · $969 -3.1%
2 months $124.82 +7.6% · $1,076 +7.6%
3 months $118.39 +13.5% · $1,135 +13.5%
6 months $69.25 +94.0% · $1,940 +94.0%
1 year $71.60 +87.6% · $1,876 +87.6%
2 years $75.46 +78.0% · $1,780 +78.0%
3 years $62.93 +113.4% · $2,134 +113.4%
5 years $48.07 +179.4% · $2,794 +179.4%

Historical returns from market close data. Past performance does not guarantee future results.

The Ledger's Promise

This entry now belongs to the ledger. Whatever USO does next, these words stay.

United States Oil Fund · USO · Accumulation · $169.53
Recorded 2026-10-23 · before the outcome · scored mechanically

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