---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-23-000374"
form_type: "8-K"
ticker: "USO"
cik: "0001327068"
company_name: "United States Oil Fund, LP"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:06:26.869578+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# USO adds ADMIS as new FCM; Marex internal reorganization consolidates accounts

## Summary
- USO entered a Customer Account Agreement with ADM Investor Services on Aug 8, 2023 for futures execution and clearing.
- ADMIS becomes an additional futures commission merchant; USO will pay commissions for trades executed and cleared.
- Marex North America transferred its futures clearing business to affiliated Marex Capital Markets on July 14, 2023.
- USO's futures account with MNA was consolidated with its MCM account; MCM assumes existing agreement rights/obligations.
- USO expects no material impact on operations from the Marex consolidation.

## SEC filing metadata
- accession: 0001171200-23-000374
- form_type: 8-K
- ticker: USO
- cik: 0001327068
- company_name: United States Oil Fund, LP
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327068/000117120023000374/0001171200-23-000374-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327068/000117120023000374/i23341_uso-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-23-000374
- JSON: https://secwatch.observer/filing/0001171200-23-000374.json
- Plain text: https://secwatch.observer/filing/0001171200-23-000374.txt

## Key facts
- Material Agreements
  United States Oil Fund, LP entered into Customer Account Agreement with ADM Investor Services, Inc. (effective 2023-08-08).
  - Action: entry
  - Counterparty: ADM Investor Services, Inc.
  - Effective: 2023-08-08
  source text: On August 8, 2023, United States Oil Fund, LP (the “Registrant”) entered into a Customer Account Agreement (the “Agreement”) with ADM Investor Services, Inc. (“ADMIS”) to serve as an additional futures commission merchant (“FCM”) for the Registrant.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327068/000117120023000374/0001171200-23-000374-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.