USO· United States Oil Fund

Dark pool · off-exchange short volume

as of 2026-11-05

USO's off-exchange short-volume ratio was 50.2% on 5 Nov 2026, above its 20-day average of 48.8%. Off-exchange trading was 36% of volume over the last 20 sessions. 7 sessions in the last six months had unusually large off-exchange dollar volume, the latest on 4 Nov 2026.

Short ratio (latest)

50.2%

20-day average

48.8%

Off-exchange share (20d)

36%

Darkpool density

big day, short ratio above trendbelow trendbubble size = how unusual ($vol z-score)

Last ~6 months. Bubbles mark days of unusually large off-exchange dollar volume (≥1.5σ vs the trailing 60 days). Daily resolution — not print-level data.

Darkpool levels ±15% of spot, since 2018-10-01

165.77

0.68B

162.86

0.74B

159.95

1.56B

157.04

2.10B

154.13

2.05B

151.23

1.41B

148.32

2.38B

145.41

1.82B

142.50

1.24B

139.59

1.08B

136.69

0.63B

133.78

1.25B

130.87

1.45B

127.96

2.56B

125.05

1.82B

Historical off-exchange $ volume at price: each day's volume spread across that day's range, summed over the full FINRA history. Heavy shelves often act as support/resistance magnets. Amber row = spot's bin.

Off-exchange short-volume ratio

short ratio (20d, right) daily off-exchange share (left)

FINRA daily TRF data, last 2 years. A persistently HIGH short ratio is mostly passive market-maker liquidity provision (commonly read as accumulation pressure) — not naively bearish.