USO · United States Oil Fund, LP

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$166.57
+1.6% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

USO holds oil futures and returned +133.3% over the past year.

Commodity fund · Holds oil futuresUSCF ↗Expense ratio 0.86%Fund assets $1.9bn on Oct 28, 2026First traded Apr 10, 2006Benchmark Its own holdings, as of Jun 30, 2026; its 10-Q sets it against the near month NYMEX futures contract for light, sweet crude oil (the Benchmark Oil Futures Contract), a futures contract and not an index; it is measured by its own holdings and compared with no other fundSEC filings ↗Every USCF fund ETFIQ covers

USO returned +133.3% over the year to Oct 28, 2026, charges 0.86% a year and holds $1.9bn in net assets on Oct 28, 2026.

Promise check: Not measuredIt names no index it tracks.

USO risk and return scorecard

vs its own holdings

Not measured: its benchmark is its own holdings, which has no weekly price series.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Oct 27, 2026
Latest day
+$49.9m
Last 5 trading days
−$27.5m
Since Oct 2026
+$45.4m
In on 6 days, out on 8. 49 days missing.

What you earned

USO +11.0%: total return over one month to Oct 28, 2026.
USO+11.0%
USO +28.8%: total return over three months to Oct 28, 2026.
USO+28.8%
USO +10.6%: total return over six months to Oct 28, 2026.
USO+10.6%
USO +140.8%: total return over the year to Oct 28, 2026.
USO+140.8%
USO +133.3%: total return over one year to Oct 28, 2026.
USO+133.3%
USO +112.6%: total return over three years to Oct 28, 2026.
USO+112.6%
USO +191.5%: total return over five years to Oct 28, 2026.
USO+191.5%
USO +89.1%: total return over ten years to Oct 28, 2026.
USO+89.1%
USO −69.4%: total return since launch to Oct 28, 2026.
USO−69.4%

How concentrated, and what does it cost?

+133.3%
Total return, 1 year
0.86%
Expense ratio
3
Futures and swap contracts, with collateral (USCF daily holdings, Oct 28, 2026)
−82.3%
Below its high
Sector mix
Cost against like funds

More on USO

Every number below is on this page. Open what you need.

USO flows, by email on Sundays.

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Price, 1 year

$166.57+1.6%1 day, priceClose, Oct 28, 2026

Price only. No distribution was paid over these days, so total return is the same. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

USO returns by window: total return, cash paid and price change
WindowTotal return
1M Sep 28 – Oct 28, 2026+11.0%
3M Jul 29 – Oct 28, 2026+28.8%
6M Apr 29 – Oct 28, 2026+10.6%
YTD Dec 31, 2025 – Oct 28, 2026+140.8%
1Y Oct 28, 2025 – Oct 28, 2026+133.3%
3Y Oct 27, 2023 – Oct 28, 2026+112.6%
5Y Oct 29, 2021 – Oct 28, 2026+191.5%
10Y Oct 28, 2016 – Oct 28, 2026+89.1%
Since launch Apr 10, 2006 – Oct 28, 2026−69.4%
Since launch, annualised Apr 10, 2006 – Oct 28, 2026−5.6%

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Daily data · as of Oct 27, 2026

USO: in the 17 trading days to Oct 27, 2026, net $45.4m came in.

1D
+$49.9m
2.6% of $1.9bn on Oct 26, 2026
Oct 27, 2026
5D
−$27.5m
−1.4% of $1.9bn on Oct 20, 2026
Oct 21, 2026 to Oct 27, 2026
Since Oct 2026
+$45.4m
Oct 6, 2026 to Oct 27, 2026
Net flow each trading day
Net flow into USO each trading day, Jul 28, 2026 to Oct 27, 2026+$264m−$43.4m−$104m+$14.9m−$60.9m−$46.0m+$31.5m+$97.1m−$80.5m−$96.0m−$15.9m−$16.3m+$50.7m+$49.9mmonthly, from SEC filingsdaily, from USCF+$264m−$264mJul 28, 2026Oct 27, 2026

USO, net flow each trading day over the 65 sessions from Jul 28, 2026 to Oct 27, 2026: money came in on 6 days and went out on 8 days, of the 16 days with daily data; the other 49 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 6 days, out on 8. 49 days missing.

Net flow into USO each trading day, Oct 28, 2025 to Oct 27, 2026+$264m−$43.4m−$104m+$14.9m−$60.9m−$46.0m+$31.5m+$97.1m−$80.5m−$96.0m−$15.9m−$16.3m+$50.7m+$49.9mmonthly, from SEC filingsdaily, from USCF+$264m−$264mOct 28, 2025Oct 27, 2026

USO, net flow each trading day over the 251 sessions from Oct 28, 2025 to Oct 27, 2026: money came in on 6 days and went out on 8 days, of the 16 days with daily data; the other 235 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 6 days, out on 8. 235 days missing.

Net flow into USO each trading day, Mar 26, 2025 to Oct 27, 2026+$264m−$43.4m−$104m+$14.9m−$60.9m−$46.0m+$31.5m+$97.1m−$80.5m−$96.0m−$15.9m−$16.3m+$50.7m+$49.9mmonthly, from SEC filingsdaily, from USCF+$264m−$264mMar 26, 2025Oct 27, 2026

USO, net flow each trading day over the 400 sessions from Mar 26, 2025 to Oct 27, 2026: money came in on 6 days and went out on 8 days, of the 16 days with daily data; the other 384 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 6 days, out on 8. 384 days missing.

Money in, netMoney out, netMonthly basis
Streak
Money in on 2 trading days running, Oct 26, 2026 to Oct 27, 2026, a net +$101m.

Daily data starts Oct 6, 2026.

How this is computed

Computed by ETFIQ from USCF’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for USO, back to Oct 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare USO with other funds in the flows tool

Every trading day, last 3 months16 days
Oct 27, 2026 +$49.9m
Oct 26, 2026 +$50.7m
Oct 23, 2026 −$16.3m
Oct 22, 2026 −$15.9m
Oct 21, 2026 −$96.0m
Oct 20, 2026 −$80.5m
Oct 19, 2026 +$97.1m
Oct 16, 2026 +$31.5m
Oct 15, 2026 −$46.0m
Oct 14, 2026 −$60.9m
Oct 13, 2026 $0
Oct 12, 2026 +$14.9m
Oct 9, 2026 −$104m
Oct 8, 2026 $0
Oct 7, 2026 −$43.4m
Oct 6, 2026 +$264m covers 2 trading days

Most recent first.

Week by week, last year4 weeks
Oct 27, 2026 +$101m 2 days
Oct 23, 2026 −$112m
Oct 16, 2026 −$60.5m
Oct 9, 2026 +$117m 4 days

Net flow into USO each week, Oct 6, 2026 to Oct 27, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outOct 2026

USO, net flow each month from Oct 2026 to Oct 2026: money came in in 1 month and went out in 0 months.

MonthInOutNet
Oct 2026 ETFIQ, the sum of its days, Oct 6 to Oct 27+$508m−$463m+$45.4m

Most recent first.

How this is computed

Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 27, 2026. Last checked Oct 29, 2026.

USO key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$169.53 on Oct 23, 2026
52-week low, daily closes to Oct 28, 2026 (ETFIQ)$66.17 on Dec 16, 2025
Close on Oct 28, 2026, within that range (ETFIQ)$166.57, 97% of the way from the low to the high
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 28, 2026
Trading · USOas of Oct 28, 2026
·
Not scored0 of 6 measured · Oct 28, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Oct 28 close−0.94%
−1.2%95% of days within ±0.94%+1.2%
How to tradeSpread not read.Its holdings close before New York; its price can drift from value late in the day.
Full trading page: components, premium history, dealers →

USO’s 3 futures and swap contracts, a notional value of 100.0% of its net assets, then its collateral, from USCF’s daily holdings for Oct 28, 2026. A contract’s notional is what it is worth at that day’s price, as a share of the fund’s net assets that day, each as USCF states it. Source: USCF, the fund’s issuer.

WTI CRUDE FUTURE Dec26 Dec 2026 contract 83.97%
TRS MACQUARIE MQCP361E 07212026 no expiry stated 8.38%
TRS SOC GEN SGIXCWTI 06182026 no expiry stated 7.66%
Treasury bills collateral 41.85%
Money market funds collateral 25.05%
Cash collateral 19.47%

Source: USCF daily holdings. Updated each trading day.

About USO

What it holdsOil futures
Fund typeCommodity fund
Category (ETFIQ)Commodities · Single commodity or commodity sector
Expense ratio (424B3, Apr 24, 2026)0.86%
Price$166.57
First tradedApr 10, 2006
Net assets (issuer page, as of Oct 28, 2026)$1.9bnReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Jun 30, 2026; its 10-Q sets it against the near month NYMEX futures contract for light, sweet crude oil (the Benchmark Oil Futures Contract), a futures contract and not an index; it is measured by its own holdings and compared with no other fundReport
Below its high (ETFIQ)−82.3%
IQ Investment Committee on USO

12 seats on USO, as of Oct 28, 2026: 1 Supports, 1 Mixed, 2 Challenges, 5 Not enough data, 3 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianDoes not apply
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskNot enough data
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityDoes not apply
In the tradition ofDavid SwensenSwensen-style DiversificationMixed
In the tradition ofCathie WoodWood-style Disruptive InnovationDoes not apply
In the tradition ofJesse LivermoreLivermore-style Trend FollowingSupports
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put USO to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about USO

How has USO performed?
Over the year to Oct 28, 2026, USO returned +133.3% with distributions reinvested. Over three years the number is +112.6%.
What does USO cost?
The prospectus expense ratio is 0.86% a year.
How far is USO below its high?
82.3% below its high of Jul 14, 2008, measured on the reinvested series to Oct 28, 2026.
Sources and dates
Prices, USOTiingo end-of-day · Oct 28, 2026
Fee, 0.86%SEC 424B3 · Apr 24, 2026
Net assets, $1.9bnIssuer page · Oct 28, 2026
All fund filingsFilings on SEC EDGAR ↗

Links are sources, not endorsements.

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ETFIQ, USO, commodity fund, data as of Oct 28, 2026. https://etfiq.com/funds/uso

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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USO: USO over 1 year: total return +133.3%. Data to Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/uso"><img src="https://etfiq.com/assistant/api/embed/core/uso.svg" alt="USO: USO over 1 year: total return +133.3%. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">USO: USO over 1 year: total return +133.3%. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/uso">ETFIQ</a></figcaption>
</figure>

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