OILUS03 – United States Oil Fund – Accessing U.S. Crude Oil Price Movements Through Futures
United States Oil Fund (USO)
OILUS03 – United States Oil Fund (NYSE Arca: USO) United States Oil Fund (USO) is an exchange-traded commodity product designed to provide exposure to the daily price movements of light, sweet crude oil, benchmarked to WTI crude oil delivered at Cushing, Oklahoma. The fund primarily invests in crude oil futures contracts, offering investors a convenient way to gain exposure to oil price movements without directly holding physical crude oil. As global energy demand, supply conditions and geopolitical developments influence crude oil markets, USO can provide a direct way to participate in changes in U.S. crude oil prices. However, oil prices can be highly volatile, and USO’s returns may differ from spot oil prices due to futures-market dynamics, including contango or backwardation, the costs of rolling contracts and other tracking risks.
Additional Details
United States Oil Fund (USO)
Issuer
Pi Securities Public Company Limited
DR Symbol
OILUS03
DR Reference Ratio
1500 DR : 1 UL
Underlying Security
United States Oil Fund (USO)
Type of Underlying Security
Exchange Traded Fund (ETF)
Exchange of Underlying Security
U.S. Equities Exchanges
Reference Asset Issuer’s Website