United States Oil Fund LP
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
USO$141.45-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedules of Investments at December 31, 2024 and 2023
Schedule of Investments
At December 31, 2024
| · · · · · · · · · · | ||||||||
|---|---|---|---|---|---|---|---|---|
| | | | | | | | Fair | |
| · · · · · Value/ | ||||||||
| | | | | | | | Unrealized Gain | |
| | | | | | | | (Loss) on Open | |
| | | Notional | | Number of | | Commodity | | % of Partners’ |
| · · Amount · Contracts · Contracts · Capital | ||||||||
| Open Commodity Futures Contracts - Long · | ||||||||
| United States Contracts · | ||||||||
| NYMEX WTI Crude Oil Futures CL February 2025 contracts, expiring January 2025* | | $766,513,460 | | 11,084 | | $28,431,020 | | 2.61 |
| · · · · · · · · | ||||||
|---|---|---|---|---|---|---|
| · Shares/Principal · · · % of Partners’ | ||||||
| | | Amount | | Market Value | | Capital |
| Cash Equivalents · | ||||||
| United States Money Market Funds · | ||||||
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Shares, 4.43%# | | | 727,450,000 | | $727,450,000 | 66.85 |
| Total United States Money Market Funds | | | | | $727,450,000 | 66.85 |
Open OTC Commodity Swap Contracts
| · · · · · · · · · · · · · · · · · · · · · | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | | | | | | | | | | | | | | Unrealized |
| · · · · · · · · · · · · · · Fair · · · · · Gain (Loss) | ||||||||||||||||||||
| · · · · · · · · · · · · · · Value/Open · · · · · on | ||||||||||||||||||||
| Fund Receives · · · · · · · · · · · · · · Commodity · · Upfront · · Commodity | ||||||||||||||||||||
| from · · Fund Pays · · · · · Payment · · Expiration · · Notional · · Swap · · Payments/(Premiums · · Swap | ||||||||||||||||||||
| Counterparty · Counterparty · · Counterparty · Frequency · Date · Amount · Contracts · Received) · Contracts(a) | ||||||||||||||||||||
| SOC GEN SGIXCWTI 12202024Index(b) | | 0.25% | | Societe Generale | | monthly | | 06/20/2025 | | $123,976,793 | | $123,975,932 | | $— | | $(861) | ||||
| MACQUARIE MQCP361E 07192024Index(b) | | 0.26% | | Macquarie Bank Ltd. | | monthly | | 01/21/2025 | | | 169,418,314 | | | 169,417,107 | | | — | | | (1,207) |
| Total Open OTC Commodity Swap ContractsÙ | | | | | | | | | | | $293,395,107 | | $293,393,039 | | $— | | $(2,068) | |||
| (a) | Reflects the value at reset date of December 31, 2024. |
|---|
| (b) | Custom index comprised of a basket of underlying instruments. |
|---|
*Collateral amounted to $263,049,397 on open commodity futures contracts.
Ù Collateral amounted to $17,210,489 on open OTC commodity swap contracts.
#Reflects the 7-day yield at December 31, 2024.
Schedule of Investments
At December 31, 2023
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · Fair · · | ||||||||||
| · · · · Value/ · | ||||||||||
| · · · · · · · Unrealized Gain · · | ||||||||||
| · · · · · · · (Loss) on Open · · | ||||||||||
| · · Notional · · Number of · · Commodity · · % of Partners’ | ||||||||||
| · · Amount · · Contracts · · Contracts · · Capital | ||||||||||
| Open Commodity Futures Contracts - Long · · | ||||||||||
| United States Contracts · · | ||||||||||
| NYMEX WTI Crude Oil Futures CL February 2024 contracts, expiring January 2024 | | $1,225,940,440 | 17,200 | | $6,439,560 | 0.41 | ||||
| NYMEX WTI Crude Oil Futures CL March 2024 contracts, expiring February 2024 | | | 68,259,150 | | 903 | | | (3,387,630) | | (0.22) |
| Total Open Futures Contracts* | | $1,294,199,590 | | 18,103 | | $3,051,930 | | 0.19 | ||
| · · · · · · · · | ||||||
|---|---|---|---|---|---|---|
| · Shares/Principal · · % of Partners’ | ||||||
| | | Amount | | Market Value | | Capital |
| Cash Equivalents · · | ||||||
| United States Money Market Funds · · | ||||||
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Shares, 5.27%# | | | 327,450,000 | | $327,450,000 | 20.89 |
| Total United States Money Market Funds | | | | | $327,450,000 | 20.89 |
Open OTC Commodity Swap Contracts
| · · · · · · · · · · · · · · · · · · · · | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | | | | | | | | | | | | | | | | Unrealized |
| · · · · · · · · · · · · · Fair · · · · · Gain (Loss) | |||||||||||||||||||
| · · · · · · · · · · · · · Value/Open · · · · · on | |||||||||||||||||||
| Fund Receives · · · · · · · · · · · · · Commodity · · Upfront · · Commodity | |||||||||||||||||||
| from · · Fund Pays · · · · Payment · · Expiration · · Notional · · Swap · · Payments/(Premiums · · Swap | |||||||||||||||||||
| Counterparty · Counterparty · Counterparty · Frequency · Date · Amount · Contracts · Received) · Contracts(a) | |||||||||||||||||||
| MACQUARIE MQCP361E 01192024Index(b) | | 0.26% | Macquarie Bank Ltd. | | monthly | | 01/19/2024 | | $156,190,238 | | $156,189,126 | | $— | | $(1,112) | ||||
| SOC GEN SGIXCWTI 12292023Index(b) | | 0.25% | Societe Generale | | monthly | | 06/28/2024 | | | 114,296,974 | | | 114,296,180 | | | — | | | (794) |
| Total Open OTC Commodity Swap ContractsÙ | | | | | | | | | | $270,487,212 | | $270,485,306 | | $— | | $(1,906) | |||
| (a) | Reflects the value at reset date of December 29, 2023. |
|---|
| (b) | Custom index comprised of a basket of underlying instruments. |
|---|
#Reflects the 7-day yield at December 31, 2023.
ÙCollateral amounted to $27,568,431 on open OTC commodity swap contracts.
*Collateral amounted to $483,719,510 on open commodity futures contracts.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.