other material
confidence high
sentiment neutral
materiality 0.70
USO to transition portfolio back to Benchmark Oil Futures Contracts starting Sep 2023
United States Oil Fund, LP
- Transition begins with September 2023 monthly roll and ends with January 2024 roll.
- Primary goal is to invest in Benchmark Oil Futures Contracts, as pre-Spring 2020 strategy.
- Daily end-of-day portfolio will continue to be disclosed on www.uscfinvestments.com.
- Move reverses pandemic-era changes to permitted investments and portfolio composition.