United States Oil Fund USO
NYSE USO
$145.99 +4.03 (+2.84%)
As of: Sep 8, 2026 · 3:59 PM EDT

United States Oil Fund (USO) Net Cash Flow (2012 - 2026)

United States Oil Fund's (USO) quarterly Net Cash Flow came in at -$121.7 million in Q2 2026, down 146.81% year-over-year from $260.0 million in Q2 2025, and down 108.65% quarter-over-quarter from $1.4 billion in Q1 2026.

Analysis

United States Oil Fund (USO) Net Cash Flow (2012 - 2026) Analysis & Trends

United States Oil Fund (USO) has reported Net Cash Flow for 15 consecutive years, with -$121.7 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Net Cash Flow fell 146.81% year-over-year to -$121.7 million in Q2 2026; TTM through Jun 2026 was $915.2 million, a 812.93% increase from a year earlier, with the FY2025 full-year figure at -$114.1 million, up 74.98% from the prior year.
  • Net Cash Flow was -$121.7 million for Q2 2026 at United States Oil Fund, down from $1.4 billion in the prior quarter.
  • Over five years, Net Cash Flow peaked at $1.4 billion in Q1 2026 and troughed at -$518.5 million in Q3 2022.
  • A 5-year average of -$4.8 million and a median of -$116.5 million in 2023 frame the typical range for Net Cash Flow.
  • Across the five-year window, Net Cash Flow slumped 1789.11% in 2022 and surged 32432.6% in 2026, its largest moves.
  • Over 5 years, Net Cash Flow stood at -$248.4 million in 2022, then soared by 131.86% to $79.2 million in 2023, then slumped by 603.13% to -$398.3 million in 2024, then jumped by 98.02% to -$7.9 million in 2025, then slumped by 1442.36% to -$121.7 million in 2026.
  • The last three Net Cash Flow figures came in at -$121.7 million (Q2 2026), $1.4 billion (Q1 2026), and -$7.9 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 BlackRock 169.89 Bn 156.02 Bn - 650.00 Mn
2 Spdr Gold Trust 144.81 Bn -413.20 Bn - -
3 Ishares Gold Trust 30.30 Bn -29.81 Bn - -
4 World Gold Trust 29.28 Bn -73.79 Bn - -
5 Principal Financial 24.84 Bn -28.13 Bn 1.91 Bn 1.21 Bn
6 iShares Silver Trust 22.15 Bn -6.05 Bn - -
7 Franklin Resources 17.84 Bn 14.12 Bn - 195.10 Mn
8 Invesco 14.63 Bn 13.72 Bn 1.79 Bn -91.90 Mn
9 Affiliated Managers 9.51 Bn 9.10 Bn - 37.00 Mn
10 United States Oil Fund 2.15 Bn 800.11 Mn - -121.70 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -121.70 Mn
Mar 31, 2026 1.41 Bn
Dec 31, 2025 -7.89 Mn
Sep 30, 2025 -361.82 Mn
Jun 30, 2025 259.98 Mn
Mar 31, 2025 -4.35 Mn
Dec 31, 2024 -398.28 Mn
Sep 30, 2024 242.90 Mn
Jun 30, 2024 -105.65 Mn
Mar 31, 2024 -194.96 Mn
Dec 31, 2023 79.16 Mn
Sep 30, 2023 -149.46 Mn
Jun 30, 2023 -111.38 Mn
Mar 31, 2023 -308.52 Mn
Dec 31, 2022 -248.43 Mn
Sep 30, 2022 -518.50 Mn
Jun 30, 2022 -437.96 Mn
Mar 31, 2022 894.36 Mn
Dec 31, 2021 -141.61 Mn
Sep 30, 2021 -356.88 Mn