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CONTRACTS AND AGREEMENTS (Tables)

9 Months Ended

Sep. 30, 2018

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 nine months ended September 30, 2018				For the nine months ended September 30, 2017
Total commissions accrued to brokers		$	1,916,737			$	3,775,114
Total commissions as annualized percentage of average total net assets			0.14	%			0.18	%
Commissions accrued as a result of rebalancing		$	1,651,071			$	3,311,727
Percentage of commissions accrued as a result of rebalancing			86.14	%			87.73	%
Commissions accrued as a result of creation and redemption activity		$	265,666			$	463,387
Percentage of commissions accrued as a result of creation and redemption activity			13.86	%			12.27	%

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Tabular disclosure of fees earned by the broker commission.

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