Every 424B that United States Oil Fund, LP (USO) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow USO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full USO filings page.
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 (USO) has updated its prospectus to lower the transaction fee that Authorized Participants pay when creating or redeeming share baskets. Effective January 1, 2026, the fee per order will be reduced from $1,000 to $350, regardless of how many Creation Baskets or Redemption Baskets are included in a single order.
USO continues to offer a best-efforts, continuous offering of Creation Baskets, each consisting of 100,000 shares, through its Marketing Agent to Authorized Participants. The Marketing Agent’s fee remains equal to 0.025% of USO’s total net assets and is paid by United States Commodity Funds, LLC. Total distribution-related compensation to the Marketing Agent and any USCF affiliate may not exceed 10% of the gross proceeds of the offering.
United States Oil Fund (USO) updated its prospectus to shorten its monthly roll of oil futures. Beginning in January 2026, USO will transition its Benchmark Oil Futures Contract over a five-day period at the start of each month, instead of the current ten-day period used through December 31, 2025.
The fund’s benchmark and investment objective remain unchanged. The roll will continue to occur at the beginning of each month, proportionally relative to total net assets, shifting from the near-month NYMEX light, sweet crude oil contract to the next-month contract over each day of the roll window.
Operationally, USO has targeted rebalancing about 10% per day during ten-day rolls through year-end 2025, and will target about 20% per day during the five-day rolls starting January 1, 2026. USO notes it may adjust the roll or rebalance approach in response to market conditions, regulatory requirements, or risk mitigation measures. Anticipated roll start dates are posted on its website and may change without notice.