United States Oil Fund, LP
United States Oil Fund, LP (AMEX: USO) is an exchange-traded fund listed on NYSE Arca, trading at $141.47 (about ₹13,277 a unit) as of 11 Nov 2026, 4:00 PM ET. It has an expense ratio of 0.86% and holds 1 security. Indian residents can buy USO through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$141.13
Today's high
$145.17
52 week low
$65.99
52 week high
$171.82
USO opened at $142.80, closed previously at $141.45, and has traded between $65.99 and $171.82 over the past 52 weeks.
About
USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. USO is structured as a commodities pool, so expect a K-1 at tax time. Long-term holders will be taxed on any gains even if they didn't sell shares.
Key statistics
Expense ratio
0.86%
Assets (AUM)
$2.1B
Holdings
1
NAV
$140.96
Avg. volume
5.89M
1-year price change
+94.54%
5-year price change
+152.72%
Price change excludes dividends.
Top 10 holdings
USO holds 1 security in total. These 10 are 95.1% of the fund.
Where the money is invested
Countries
How to buy USO from India
Indian residents can buy USO units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in USO from India
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 USO and buy
Find the fund by its ticker, USO, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your USO position in USD and INR, and use Paasa's tax statements when you file your Indian return.
Trading and taxes when buying USO 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
FAQs
What is the USO price today?
United States Oil Fund, LP (USO) last traded at $141.47 on NYSE Arca, as of 11 Nov 2026, 4:00 PM ET. That is ₹13,277 a unit at the 11 Nov 2026 USD/INR rate.
When does USO trade, in Indian time?
NYSE Arca trades 8:00 pm – 2:30 am IST, so the close lands after midnight. The window shifts to 7:00 pm – 1:30 am IST when the US is on daylight time. Orders can only execute during that window.
How big is USO, and what does it cost to hold?
United States Oil Fund, LP manages about $2.1B. Its expense ratio is 0.86% a year, deducted inside the fund. It launched in 2006.
What are USO's largest holdings?
The top three are WTI CRUDE FUTURE Jan27 (41.7%), DREY INST PREF GOV MM INST 6546 (24.4%) and US DOLLARS (9.0%). USO's 10 largest positions make up 95.1% of the fund.
How are gains on USO 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 USO?
Yes. You can buy USO by amount rather than by whole unit, and there is no minimum trade size.
How has USO performed?
USO's price is up 94.5% over the past year and up 152.7% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.