XML 43 R26.htm IDEA: XBRL DOCUMENT v3.20.4

ORGANIZATION AND BUSINESS (Details)

1 Months Ended

Apr. 28, 2020

$ / shares

shares

Apr. 10, 2006

USD ($)

$ / shares

shares

Dec. 31, 2020

$ / shares

$ / item

shares

Dec. 31, 2019

$ / shares

Dec. 31, 2018

$ / shares

^[1]

Dec. 31, 2017

$ / shares

^[1]

Organization, Consolidation and Presentation of Financial Statements Disclosure

Fee paid by Authorized Purchasers for each order placed to create one or more Creation Baskets or to redeem one or more baskets | $ / item

1,000

Limited Partners' Capital Account, Units Authorized

17,000,000

5,627,000,000

Net asset value per unit | $ / shares

$ 67.39

$ 33.07

^[1]

$ 102.27

^[1],[2]

$ 76.68

$ 96.63

Limited Partners' Capital Account, Units Issued

200,000

Value of units issued | $

$ 13,479,000

Reverse share split

0.125

Creation Baskets

Organization, Consolidation and Presentation of Financial Statements Disclosure

Number of units per basket

100,000

Redemption Baskets

Organization, Consolidation and Presentation of Financial Statements Disclosure

Number of units per basket

100,000

USO

Organization, Consolidation and Presentation of Financial Statements Disclosure

Number of shares issued

1,482,900,000

185,362,500

Number of shares outstanding

1,482,900,000

185,362,500

Net asset value per unit | $ / shares

$ 2.04

$ 16.35

Open Futures Contracts- Long | United States Contracts | NYMEX WTI Crude Oil Futures CL February 2020 contracts, expiring January 2020

Organization, Consolidation and Presentation of Financial Statements Disclosure

Number of Contracts

^[3]

19,178

[1]	On April 28, 2020, there was a 1-for-8 reverse share split. The Financial Highlights have been adjusted for the periods shown to reflect the 1-for-8 reverse share split on a retroactive basis.
[2]	On April 28, 2020, there was a 1-for-8 reverse share split. The Statements of Financial Condition have been adjusted for the periods shown to reflect the 1-for-8 reverse share split on a retroactive basis
[3]	Collateral amounted to $723,771,439 on open commodity futures contracts.

X

- Definition

Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_CommonStockSharesIssued
Namespace Prefix:	us-gaap_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_CommonStockSharesOutstanding
Namespace Prefix:	us-gaap_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Balance held at close of period in number of contracts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14.Column B)
-URI http://asc.fasb.org/extlink&oid=120401592&loc=d3e611322-123010

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column B))
-URI http://asc.fasb.org/extlink&oid=120401592&loc=d3e611197-123010

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12.Column B)
-URI http://asc.fasb.org/extlink&oid=120401592&loc=d3e611133-123010

+ Details

Name:	us-gaap_InvestmentOwnedBalanceContracts
Namespace Prefix:	us-gaap_
Data Type:	xbrli:decimalItemType
Balance Type:	na
Period Type:	instant

X

- Definition

The number of limited partner units authorized to be issued.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 4.F)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770

+ Details

Name:	us-gaap_LimitedPartnersCapitalAccountUnitsAuthorized
Namespace Prefix:	us-gaap_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	instant

X

- Definition

The number of limited partner units issued.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 4.F)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770

+ Details

Name:	us-gaap_LimitedPartnersCapitalAccountUnitsIssued
Namespace Prefix:	us-gaap_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Ratio applied to the conversion of stock split, for example but not limited to, one share converted to two or two shares converted to one.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187143-122770

+ Details

Name:	us-gaap_StockholdersEquityNoteStockSplitConversionRatio1
Namespace Prefix:	us-gaap_
Data Type:	xbrli:pureItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Fee Paid Per Order

+ References

No definition available.

+ Details

Name:	uso_FeePaidPerOrder
Namespace Prefix:	uso_
Data Type:	srt-types:perUnitItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Net asset value per unit.

+ References

No definition available.

+ Details

Name:	uso_NetAssetValuePerUnit
Namespace Prefix:	uso_
Data Type:	num:perShareItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Number of units per basket.

+ References

No definition available.

+ Details

Name:	uso_NumberOfUnitPerBasket
Namespace Prefix:	uso_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]

+ References

No definition available.

+ Details

Name:	uso_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureLineItems
Namespace Prefix:	uso_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Units Issued During Period, Value, New Issues

+ References

No definition available.

+ Details

Name:	uso_UnitsIssuedDuringPeriodValueNewIssues
Namespace Prefix:	uso_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Details

Name:	srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=uso_CreationBasketsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=uso_RedemptionBasketsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=uso_UsoMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_InvestmentTypeAxis=uso_OpenFuturesContractsLongMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_StatementGeographicalAxis=country_US
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=uso_NymexwtiCrudeOilFuturesClFebruary2020ContractsExpiringJanuary2020Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: