UN

United States Oil Fund, LP

An ETP tracking daily WTI crude oil price changes by investing in oil futures contracts.

USO | US

Overview

Corporate Details

ISIN(s):
N/A
LEI:
Country:
United States of America
Address:
1850 MT. DIABLO BLVD., 94596 WALNUT CREEK
Sector:
Mining and quarrying
Industry:
Extraction of natural gas

Description

United States Oil Fund, LP (USO) is a commodity pool structured as an exchange-traded product (ETP). The fund's investment objective is to provide daily investment results that correspond to the daily percentage changes in the spot price of West Texas Intermediate (WTI) light, sweet crude oil. USO seeks to achieve this objective by investing primarily in futures contracts for WTI crude oil, and may also hold contracts for other petroleum-based products like heating oil and gasoline. It offers investors liquid, exchange-traded exposure to the price movements of oil futures.

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Insider Transactions

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No insider transactions recorded for this company.

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