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Contracts and Agreements (Tables)
3 Months Ended
Mar. 31, 2015
Contractors [Abstract]  
Brokerage Commission
USO also incurs commissions to brokers for the purchase and sale of Oil Futures Contracts, Other Oil-Related Investments or short-term obligations of the United States of two years or less (“Treasuries”).
 
 
 
For the three months ended
 
 
For the three months ended
 
 
 
March 31, 2015
 
 
March 31, 2014
 
Total commissions accrued to brokers
 
$
1,187,217
 
 
$
264,164
 
Total commissions as an annualized percentage of average total net assets
 
 
0.21
%
 
 
0.16
%
Commissions accrued as a result of rebalancing
 
$
958,970
 
 
$
132,435
 
Percentage of commissions accrued as a result of rebalancing
 
 
80.77
%
 
 
50.13
%
Commissions accrued as a result of creation and redemption activity
 
$
228,247
 
 
$
131,729
 
Percentage of commissions accrued as a result of creation and redemption activity
 
 
19.23
%
 
 
49.87
%