United States 12 Month Oil Fund
United States 12 Month Oil Fund (AMEX: USL) is an exchange-traded fund listed on NYSE Arca, trading at $56.29 (about ₹5,407 a unit) as of 29 Sep 2026, 3:59 PM ET. It has an expense ratio of 1.01% and holds 1 security. Indian residents can buy USL through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$56.22
Today's high
$57.05
52 week low
$32.25
52 week high
$57.91
USL opened at $56.50, closed previously at $56.99, and has traded between $32.25 and $57.91 over the past 52 weeks.
About
The United States 12 Month Oil Fund, LP (USL) operates as an exchange-traded product. Its primary objective is to mirror the daily price changes of West Texas Intermediate (WTI) light, sweet crude oil. Units of USL are available for public trading, allowing investors to buy and sell them on the NYSE Arca exchange.
Key statistics
Expense ratio
1.01%
Assets (AUM)
$48.0M
Holdings
1
NAV
$56.49
Avg. volume
—
1-year price change
+56.80%
5-year price change
+108.02%
Price change excludes dividends.
Top 10 holdings
USL holds 1 security in total. These 10 are 76.8% of the fund.
Where the money is invested
Countries
How to buy USL from India
Indian residents can buy USL units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search USL and buy
Find the fund by its ticker, USL, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in USL from India
Trading and taxes when buying USL from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the USL price today?
United States 12 Month Oil Fund (USL) last traded at $56.29 on NYSE Arca, as of 29 Sep 2026, 3:59 PM ET. That is ₹5,407 a unit at the 29 Sep 2026 USD/INR rate.
When does USL trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is USL, and what does it cost to hold?
United States 12 Month Oil Fund manages about $48.0M. Its expense ratio is 1.01% a year, deducted inside the fund. It launched in 2007.
What are USL's largest holdings?
The top three are DREY INST PREF GOV MM INST 6546 (26.6%), MORGAN STANLEY LIQ GOVT INST 8302 (10.5%) and BNY CASH RESERVE (7.2%). USL's 10 largest positions make up 76.8% of the fund.
How are gains on USL taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of USL?
Yes. You can buy USL by amount rather than by whole unit, and there is no minimum trade size.
How has USL performed?
USL's price is up 56.8% over the past year and up 108.0% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.