The United States Oil Fund (NYSEARCA:USO) has captured the barrel in a rally year.
If you own the United States Oil Fund (NYSE:USO) as your bet on the 2026 crude spike, the year has rewarded you.
The United States Oil Fund (USO), the ETF that best tracks oil prices, offers equity options traders a liquid, accessible alternative to the complexities of the futures market.
USO CEO Michael Linnington says the organization has expanded far beyond its World War II roots, operating at 260 locations worldwide to provide deployed service members with connectivity, comfort and entertainment while strengthening ties to home. Linnington also explained to Bloomberg This Weekend hosts David Gura and Christina Ruffini how the USO is still largely funded by public donations and volunteer entertainers.
The United States Oil Fund (NYSEARCA:USO) does one thing: it gives investors a liquid way to bet on West Texas Intermediate crude without opening a futures account.
If you bought United States Oil Fund (NYSEARCA:USO) a decade ago because you thought oil was cheap, the spot price proved you right, but the fund did not.
If you bought the United States Oil Fund (NYSEARCA:USO) ten years ago to ride a long-term crude rebound, you are sitting on a total return of 22.46%.
If you put $10,000 into United States Oil Fund (NYSEARCA:USO) on the last trading day of 2025, when it closed at $69.16, you were sitting on roughly $19,800 by the close on June 2, 2026, with USO at $137.27.
The United States Oil Fund (NYSE:USO) opened 2026 at $69.16 and closed Friday at $129.09, a year-to-date gain of roughly 87% in five months.
The United States Oil Fund (NYSEARCA:USO) has been the most consequential commodity trade of 2026, and the next 12 months will decide whether that trade survives or unwinds.
If you bought the United States Oil Fund (NYSEARCA:USO) to bet on rising crude prices, the fund is living up to its reputation.
The Strategic Petroleum Reserve just posted what may be its largest single-week drawdown on record.