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United States Oil Fund

The United States Oil Fund® LP (USO) is an exchange-traded security designed to track the daily price movements of West Texas Intermediate ("WTI") light, sweet crude oil. USO issues shares that may be purchased and sold on the NYSE Arca.

The investment objective of USO is for the daily changes in percentage terms of its shares' NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in price of USO's Benchmark Oil Futures Contract, less USO's expenses.

USO's Benchmark is the near month crude oil futures contract traded on the NYMEX. If the near month futures contract is within two weeks of expiration, the Benchmark will be the next month contract to expire. The crude oil contract is WTI light, sweet crude oil delivered to Cushing, Oklahoma.

USO invests primarily in listed crude oil futures contracts and other oil-related futures contracts, and may invest in forwards and swap contracts. These investments will be collateralized by cash, cash equivalents, and US government obligations with remaining maturities of two years or less.

USO's Fund Benefits

  • USO offers commodity exposure without using a commodity futures account.
  • USO provides "equity-like" features including, intra-day pricing, and market, limit, and stop orders.
  • USO provides Portfolio Holdings, Market Price, NAV and TNA its website each day.
Fund Details
Ticker USO
Intraday Indicative Value UOI
CUSIP 91232N108
ISIN US91232N1081
Minimum Trade 1 share
Marginable Yes
Options Traded Yes
Administrator Brown Brothers Harriman & Co
Distributor ALPS Distributors, Inc.
General Partner United States Commodity Funds, LLC
Management Fee0.45%
Trading Increment $0.01