The Law Offices of Frank R. Cruz Announces Investigation on Behalf of United States Oil Fund, LP Investors (USO)

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation on behalf of United States Oil Fund, LP ("USO" or the "Company") (NASDAQ: USO) investors concerning the Company and its officers’ possible violations of federal securities laws.

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On May 29, 2020, Bloomberg reported that the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission had opened probes into the United States Oil Fund, LP. According to the article, the probes concerned issues including "whether shareholders were adequately informed that the ETF’s value wouldn’t necessarily move in tandem with the spot price of oil and the fund’s recent decision to purchase crude contracts that expire further out in the future."

The Company's stock has lost 75% of its value in the two months ended April 30.

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If you purchased USO securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [e-mail], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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