USO Stock Discussion

United States Oil Fund Description

The investment seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil. The fund will invest in futures contracts for WTI light, sweet crude oil, other types of crude oil, heating oil, gasoline, natural gas and other petroleum based-fuels that are traded on exchanges. It may also invest in other oil interests such as cash-settled options on oil futures contracts, forward contracts for oil, and OTC transactions that are based on the price of oil.

Keywords: Exchange Traded Fund ETF Natural Gas Crude Oil Petroleum Microeconomics Forward Contract Energy Economics West Texas Intermediate Heating Oil Brent Crude Sweet Crude Oil