United States Oil Fund (USO) risk factors

Item 1A of every United States Oil Fund, LP 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
49 risks2 new3 dropped8 reworded
Inflation risks and potential declines in cash and Treasury values were added to the portfolio concerns.
Filed Feb 27, 2026
FY2024 10-K risk factors
50 risks
USO's risk profile is dominated by the volatility of light, sweet crude oil futures and potential tracking error against spot prices. Tax complexities as a limited partnership and the impact of contango and backwardation heavily influence investment returns. Regulatory and counterparty credit risks also present significant operational threats.
Filed Feb 28, 2025