(USO) United States Oil Fund - Overview
ETF Category: Commodities Focused | Exchange: NYSE ARCA (USA) | Market Cap: 1.890m USD | Total Return: 116.4% in 12m
TER: 0.60%
Avg Turnover: 1.61B
Warnings
No concerns identified
Tailwinds
Leader, Tailwind, Pullback 52w
The United States Oil Fund LP (USO) is an exchange-traded security designed to track the daily price movements of light, sweet crude oil. The fund primarily invests in front-month West Texas Intermediate (WTI) futures contracts traded on the NYMEX, though it may also hold positions in other petroleum-based fuels such as gasoline and natural gas.
As a commodities-focused ETF, USO provides exposure to the energy sector without requiring investors to manage physical storage or direct futures accounts. The fund’s performance is heavily influenced by contango and backwardation, market states where the future delivery price of oil differs from the current spot price, impacting the cost of rolling monthly contracts. For a deeper look at how these market mechanics affect long-term returns, consider reviewing the detailed data on ValueRay.
- WTI crude oil spot price fluctuations dictate net asset value
- Rolling costs of front-month futures contracts impact long-term returns
- Global supply disruptions from OPEC+ production cuts drive price appreciation
- Contango and backwardation market structures influence fund tracking performance
- Geopolitical instability in the Middle East increases crude oil price volatility
Over the past week, the price has changed by +10.96%, over one month by +27.74%, over three months by +95.73% and over the past year by +116.36%.
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