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.
CEO: John Love. Company website
United States Oil Fund, LP (USO) trades at $153.82, down 0.96% on the day, as of Sep 20, 2026 15:00 UTC.
United States Oil Fund, LP has a market capitalisation of $18.32B, calculated from the live USO share price and shares outstanding.
United States Oil Fund, LP generated revenue of $0.00 over the trailing twelve months.
USO has traded between $65.99 and $163.35 over the past 52 weeks, and the last price is 5.8% below that high.
Wall Street analysts rate USO without a published consensus, with an average price target of $252.21, 64.0% above the current price.
United States Oil Fund, LP is classified under the Financial Services sector and the Asset Management industry, and is domiciled in US.
John Love is the chief executive of United States Oil Fund, LP.
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