About United States Oil Fund, LP (USO)

The United States Oil Fund, LP (USO) is an exchange-traded fund (ETF) that seeks to track the daily price movements of West Texas Intermediate (WTI) light, sweet crude oil. The fund was established in 2006 and is managed by United States Commodity Funds LLC. USO provides investors with a way to gain exposure to the price of oil without directly purchasing physical barrels of oil. The fund holds near-month WTI futures contracts and rolls them over to the next month as the current contracts approach expiration.

USO's price history reflects the volatility of the oil market. Over the years, the fund's price has experienced significant fluctuations in response to various factors, such as changes in global oil supply and demand, political developments, and economic indicators. Investors should carefully analyze the historical performance of USO before making any investment decisions.