United States Oil Fund, LP (USO)
USO Price Chart
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USO Fund Profile
Key details and information about United States Oil Fund, LP (USO).
Sector Focus
Financial Services
Industry
Asset Management
Inception Date
10 Apr 2006
Country
US
Description
USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. USO is structured as a commodities pool, so expect a K-1 at tax time. Long-term holders will be taxed on any gains even if they didn't sell shares.
USO Fund Performance
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