Welcome to our dedicated page for United States Oil Fund, LP SEC filings (Ticker: USO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
United States Oil Fund, LP filings document fund reporting for shares of USO listed on NYSE Arca. Form 8-K disclosures furnish recurring monthly account statements presented as Statements of Income (Loss) and Statements of Changes in Net Asset Value under Rule 4.22 of the Commodity Exchange Act.
The filing record also includes annual financial statements and audited Statements of Financial Condition for United States Commodity Funds LLC, the fund's general partner. These documents cover NAV activity, fund results, listing information, general-partner financial condition, and related commodity-fund reporting obligations.
United States Oil Fund, LP (USO) released its monthly account statement for the month ended July 31, 2026. For the month, USO generated total income of $416.0 million and incurred total expenses of $1.3 million, resulting in net income of $414.7 million.
Net asset value (NAV) was $1.75 billion at the beginning of July and $1.85 billion at month end, with 12.3 million shares added and 14.6 million shares withdrawn during the month. NAV per share was $128.97 based on 14,323,603 shares outstanding at July 31, 2026.
United States Oil Fund, LP (USO) reported results for the quarter and six months ended June 30, 2026. Partners’ capital was $1,753,725,242 and total assets were $1,904,147,269, up from $889,618,360 at December 31, 2025.
For the six-month period, net income was $618,312,510 compared with a net loss of $32,658,947 for the six months ended June 30, 2025. Net asset value per share increased from $69.10 to $105.50, producing a 52.68% total return. The quarter alone showed a net loss of $365,434,420 and a -16.54% total return, reflecting large negative changes in unrealized gains on open crude oil futures and swap positions despite substantial realized gains.
USO had 16,623,603 limited partner shares outstanding at June 30, 2026, with market price $106.44 per share. The portfolio consisted primarily of 22,431 NYMEX WTI crude oil futures contracts with $1,830,200,860 notional value and over-the-counter commodity swaps, alongside $1,090,700,000 in U.S. government money market funds, representing 62.19% of partners’ capital. Management fees were 0.45% per annum of average daily net assets, and the general partner reimbursed $2,467,010 of futures execution slippage, leaving net asset value unaffected.
United States Oil Fund, LP reported a monthly account statement for the period ended June 30, 2026, showing a $366,362,873 net loss. Results reflected large realized and unrealized losses on commodity futures and swap contracts, partly offset by dividend income of $3,737,247 and interest income of $1,457,776.
Net asset value was $1,731,312,535 at June 1, 2026 and $1,753,725,242 at month-end, after additions of $1,394,173,824 from 12,000,000 shares and withdrawals of $1,005,398,244 from 8,900,000 shares. Net asset value per share was $105.50 based on 16,623,603 shares outstanding.
United States Oil Fund, LP reported a net loss of $270,124,551 for the month ended May 31, 2026. The loss was driven mainly by large unrealized declines in the market value of oil futures and related swap contracts, partly offset by realized trading gains, dividends, and interest income.
Net asset value was $1,692,436,477 at the beginning of May and ended at $1,731,312,535 after partner share creations and redemptions. Net asset value per share was $128.02 based on 13,523,603 shares. The fund furnished this monthly account statement on Form 8-K under Regulation FD.
United States Oil Fund, LP reports strong April 2026 performance, with net income of $271,053,004. Total income of $272,240,103 was driven mainly by realized trading gains on commodity futures of $398,705,490 and gains on swap contracts of $24,490,098, partly offset by unrealized losses on futures.
Expenses were modest at $1,187,099, leaving most trading and investment gains flowing through to net income. Net asset value moved from $2,644,609,680 at the beginning of April to $1,692,436,477 at month-end after accounting for partner activity.
The fund recorded additions of $1,653,060,784 from 12,900,000 new shares and withdrawals of $2,876,286,991 tied to 22,300,000 shares redeemed. Net asset value per share at April 30, 2026 was $146.87 based on 11,523,603 shares outstanding.
United States Oil Fund, LP filed Post-Effective Amendment No. 1 to its Form S-3 (Registration No. 333-272617) on May 14, 2026 to add exhibits to the effective registration statement pursuant to Rule 462(d). The amendment consists only of a facing page, an explanatory note and Part II listing exhibits and does not modify other parts of the registration statement.
The filing includes an estimate of issuance expenses showing an Auditor’s fee of $1, Legal fees of $20,000, Printing of $1 and lists the SEC and NYSE Arca listing fees as $0. A schedule of exhibits identifies organizational documents, agreements (custodian, administrative, ISDA Master Agreements) and counsel and tax opinions incorporated by reference.
United States Oil Fund, LP reported a very strong first quarter of 2026, driven by rising crude oil futures prices. Net income reached $983.7 million for the three months ended March 31, 2026, compared to $40.3 million a year earlier.
Net asset value per share increased from $69.10 at December 31, 2025 to $126.39 at March 31, 2026, delivering a stated total return of 82.91% for the quarter. Assets grew to $2.74 billion, with 23,766 NYMEX WTI crude oil futures contracts and significant cash and money market holdings supporting margin and liquidity.
United States Oil Fund, LP released its monthly account statement for the month ended March 31, 2026. The fund generated total income of $796,088,534, driven mainly by realized trading gains on commodity futures of $421,578,821, realized gains on swap contracts of $77,098,919, and unrealized gains on commodity futures of $285,459,350.
Total expenses were $1,217,055, resulting in net income of $794,871,479 for the month. Net asset value increased from $1,153,105,889 at the beginning of the month to $2,644,609,680 at month-end, reflecting additions of 20,000,000 shares and withdrawals of 13,200,000 shares. Net asset value per share was $126.39 based on 20,923,603 shares outstanding.
United States Oil Fund, LP (USO) offers continuously issued shares on NYSE Arca that seek to track daily percentage changes in the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by a specified short-term futures contract (the Benchmark Oil Futures Contract), plus interest on collateral less expenses. USO targets that the average daily percentage change in NAV over any 30 successive valuation days be within ±10% of the average daily percentage change in the Benchmark Oil Futures Contract.
USO invests primarily in oil futures and, when needed, in economically equivalent cleared swaps, OTC swaps and other oil-related instruments. USO may hold larger cash/Treasury amounts, limit creations, or invest beyond the Benchmark contract when market conditions, regulatory position limits, FCM risk controls, or liquidity considerations require. The prospectus date is April 24, 2026.
United States Oil Fund, LP furnishes its audited financial statements for 2025, showing a net loss of $64,657,517 compared with 2024 net income of $221,118,191. Net asset value per share fell from $75.45 to $69.10, producing a total return of (8.42)% for the year.
The fund’s loss was driven by realized and unrealized losses on crude oil futures and swap contracts, partly offset by dividend and interest income. Partners’ capital declined to $886,076,412, with 12,823,603 limited partner shares outstanding at year-end. Independent auditors issued an unqualified opinion on both the financial statements and internal control over financial reporting.