Market closed · After hours · 6:48 PM ET
Last update: Sep 29, 2026, 6:07 PM ET
United States Oil Fund, LP
$143.35▼ 4.44% today
After Hours

Why United States Oil Fund, LP (USO) stock moved

Updated Sep 29, 2026

United States Oil Fund, LP (USO) shares fell 4.4% to $143.35 as of September 29, 2026, a moderate decline from the prior close of $150.01. BestStocks flagged the session as a material change for USO. Below, we break down what changed for USO, why it matters for investors, how the stock reacted, and the catalysts on the calendar.

What happened

USO fell 4.4% to $143.35

USO fell 4.4% in its latest session, moving from $150.01 to $143.35.

ActivityLow confidence
Rel. volume
1.1×
Normal
Vs peers
—
No comparable peers
Market cap
$17.1B
New York Stock Exchange Arca
Analyst target
$252
+75.9% vs price
Price chart
Aug 31 – Sep 29
VVVVV$133$148$162Aug 31Sep 8Sep 15Sep 22Sep 29
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details

What it means for United States Oil Fund, LP investors

For United States Oil Fund, LP investors, the recent signals add up to a bearish shift. On the constructive side: Escalating Middle East geopolitical tensions and supply concerns drove crude oil prices higher, lifting USO +4.06% to $163.03; Positive price momentum. Weighing against that: Negative session, down 4.4%; United States Oil Fund, LP (USO) moved -3.20% from $124.47 to $120.49 on 2026-07-28. Wall Street's consensus price target sits at $252.21, implying +75.9% upside from $143.35. BestStocks rates the overall signal quality low (49/100).

USO price reaction

USO last traded at $143.35, down $6.66 (-4.44%) from the previous close of $150.01. The session traded on 1.1× average volume (normal), so participation was unremarkable. Over the past month the stock has ranged between $133.70 and $161.86, and it currently sits about 34% of the way up that band.

Bullish and bearish analyst opinions on United States Oil Fund, LP (USO)

The consensus analyst price target on United States Oil Fund, LP (USO) is $252.21, 75.9% above the recent $143.35. Here is how the bullish and bearish cases on USO line up.

The bullish case

  • Wall Street's consensus price target of $252.21 implies +75.9% upside from $143.35.
  • The Street's most bullish target is $252.21 (+75.9%).
  • Escalating Middle East geopolitical tensions and supply concerns drove crude oil prices higher, lifting USO +4.06% to $163.03.
  • Positive price momentum.

The bearish case

  • Negative session, down 4.4%.
  • United States Oil Fund, LP (USO) moved -3.20% from $124.47 to $120.49 on 2026-07-28.
Bull vs bear balanceBearish Shift
BearishNeutralBullish

Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.

Analyst price targets and ratings are FMP consensus figures as of Sep 29, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.

Analyst expectations
Consensus target: $252+75.9%
SEC filings watch
10-Q2026-08-07
Quarterly financial results
medium
8-K2026-07-29
Material event — review for impact
high
8-K2026-06-29
Material event — review for impact
high
Peer context
USO-4.4%

Previous notable changes for USO

Activity2026-09-10+5.6%via Yahoo Finance ↗
Crude oil prices climbed to around $86 per barrel, driven by escalating U.S.-Iran tensions and supply concerns in the Strait of Hormuz, according to the web catalyst and Argus reporting on finance.yahoo.com. USO, which tracks front-month WTI crude futures, rose 3.49% to $155.20. Volume reached 4.12 million shares (2.66x the time-adjusted average), reflecting elevated trading activity.
Valuation2026-09-09+2.7%via MarketWatch ↗
USO rose 2.11% to $149.11 as crude oil climbed to $86/barrel, with oil stocks broadly outperforming despite a broader market decline (Dow down ~700 points). MarketWatch reported oil stocks catching fire intraday on 2026-09-09.
Activity2026-09-08+2.9%via Yahoo Finance ↗
USO rose 2.26% to $145.17 as front-month crude oil prices climbed toward $86/bbl, driven by renewed supply concerns and geopolitical risk premiums in the Middle East plus declining domestic and global crude inventories. Since USO tracks near-month NYMEX WTI futures, the fund's move directly mirrors underlying oil market momentum. Volume of 4.19M shares ran 1.13x normal for this stage of the session.
Valuation2026-09-01+5.5%via Yahoo Finance ↗
USO surged +5.28% to $140.76 as crude oil spiked following U.S. military strikes on Iranian IRGC positions near the Strait of Hormuz on September 1, 2026. Reuters and Benzinga reported the escalation and resulting supply-disruption risks, with WTI crude climbing ~5.5% amid Iranian threats to block Gulf exports—a corridor through which ~20% of global oil supply flows. Volume reached 7.27M shares (1.59x normal for this time of day), tracking the oil rally directly.

In-depth USO event analyses

Permanent, dated analyses of USO's most significant sessions.
Upcoming catalysts & outlook
Next earnings
Unknown
Thesis shift
Bearish Shift
bearish signal
Risk level
High
from change events

Frequently asked questions about USO

Why did United States Oil Fund, LP (USO) stock move?

USO fell 4.4% to $143.35. No single company-specific catalyst was confirmed during the move window, and it looks technical.

How much did USO stock fall?

USO lost 4.44% ($6.66) versus the prior close of $150.01, last trading at $143.35 on 1.1× average volume.

What is the analyst price target for USO?

The consensus analyst price target for USO is $252.21, about 75.9% above the current $143.35. Over the past 90 days, analysts recorded 0 upgrades, 0 maintains, and 0 downgrades.

How BestStocks tracks USO

This page is generated automatically by BestStocks' change-detection system after its price and volume cleared USO-specific materiality thresholds, triggering an evidence check. It draws on 20 tracked change events for USO, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of September 29, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.

Data sources
FMP real-time & historical price dataSEC EDGAR filingsAnalyst ratings & price targets (FMP)
Educational research tool — not personalized investment advice. Data may be delayed.