United States Oil Fund, LP Files 2024 10-K
Ticker: USO · Form: 10-K · Filed: Feb 28, 2025 · CIK: 1327068
Sentiment: neutral
Topics: oil-futures, 10-k, etf
TL;DR
USO 10-K filed: $1.48B assets for FY24. Oil futures focus.
AI Summary
United States Oil Fund, LP filed its 10-K for the fiscal year ending December 31, 2024. The fund reported total assets of $1.48 billion and net assets of $1.48 billion. The filing details various agreements and financial instruments related to oil futures contracts, including brokerage and futures commission merchant agreements.
Why It Matters
This filing provides investors with a comprehensive overview of the United States Oil Fund's financial performance and operational details for 2024, including its holdings and agreements related to oil futures.
Risk Assessment
Risk Level: medium — The fund's performance is directly tied to the volatile oil market, and it holds commodity futures contracts, which carry inherent risks.
Key Numbers
- $1.48B — Total Assets (As of December 31, 2024)
- $1.48B — Net Assets (As of December 31, 2024)
- 2024-12-31 — Fiscal Year End (Reporting period)
Key Players & Entities
- United States Oil Fund, LP (company) — Filer of the 10-K
- December 31, 2024 (date) — Fiscal year end
- $1.48 billion (dollar_amount) — Total assets reported
- 1850 Mt. Diablo Blvd., Suite 640, Walnut Creek, CA 94596 (location) — Business and mailing address
FAQ
What was the total value of United States Oil Fund, LP's assets as of December 31, 2024?
The total assets of United States Oil Fund, LP were $1,482,900,000 as of December 31, 2024.
What is the primary business of United States Oil Fund, LP?
United States Oil Fund, LP is involved with oil futures contracts, as indicated by its filings and the nature of its business.
When was the United States Oil Fund, LP formerly known as?
The fund was formerly known as New York Oil ETF, LP, with a name change date of May 13, 2005.
What type of agreements are mentioned in relation to brokerage and futures commission merchants?
The filing mentions Brokerage and Futures Commission Merchant Agreements, with activity noted for the period of January 1, 2024 to December 31, 2024.
What is the state of incorporation for United States Oil Fund, LP?
United States Oil Fund, LP is incorporated in Delaware (DE).
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 28, 2025 regarding United States Oil Fund, LP (USO).