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USO

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1d
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1m

Analysis and statistics

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About

USO.US represents the United States Oil Fund LP, an exchange-traded fund (ETF) designed to track the daily price movements of West Texas Intermediate (WTI) light, sweet crude oil. It seeks to replicate the performance of WTI crude oil by investing primarily in near-month futures contracts on crude oil. Investors should note that due to the nature of futures contracts and the potential for contango or backwardation, USO's long-term performance may deviate significantly from the spot price of crude oil.
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Factors

Crude Oil Prices: USO primarily tracks West Texas Intermediate (WTI) crude oil futures, so WTI price movements directly impact USO's value. Futures Contract Roll: USO holds front-month oil futures. As contracts near expiry, USO sells them and buys later-dated contracts. This "roll yield" can be positive or negative, affecting USO's returns versus spot oil prices. Storage Costs: High crude oil storage costs can depress near-term futures prices relative to later-dated contracts, leading to a negative roll yield and lower USO prices. Interest Rates: Interest rates affect the cost of holding futures contracts. Higher rates can increase storage costs and negatively impact USO. Market Sentiment: Overall investor sentiment toward oil and risk assets influences trading activity and USO's price. Supply & Demand: Global oil supply and demand factors influence crude oil prices and indirectly affect USO's value.

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