<SEC-DOCUMENT>0001171200-21-000398.txt : 20211201
<SEC-HEADER>0001171200-21-000398.hdr.sgml : 20211201
<ACCEPTANCE-DATETIME>20211201170316
ACCESSION NUMBER:		0001171200-21-000398
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20211201
DATE AS OF CHANGE:		20211201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			United States Oil Fund, LP
		CENTRAL INDEX KEY:			0001327068
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				202830691
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-237750
		FILM NUMBER:		211463772

	BUSINESS ADDRESS:	
		STREET 1:		1850 MT. DIABLO BLVD.
		STREET 2:		SUITE 640
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94596
		BUSINESS PHONE:		510-522-9600

	MAIL ADDRESS:	
		STREET 1:		1850 MT. DIABLO BLVD.
		STREET 2:		SUITE 640
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94596

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	New York Oil ETF, LP
		DATE OF NAME CHANGE:	20050513
</SEC-HEADER>
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<TYPE>424B3
<SEQUENCE>1
<FILENAME>i21648_uso-424b3.htm
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; background-color: white"><B>Filed pursuant to Rule 424(b)(3)<BR>
File No. 333-237750</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES OIL FUND, LP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Supplement dated December 1, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">to<BR>
Prospectus dated April 30, 2021</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This supplement contains information that amends, supplements or modifies
certain information contained in the prospectus of United States Oil Fund, LP (&ldquo;USO&rdquo;) dated April 30, 2021 (the &ldquo;Prospectus&rdquo;).</P>

<P STYLE="text-indent: 0.5in; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">You should carefully read the Prospectus and this supplement before investing.
This supplement should be read in conjunction with the Prospectus. <I>You should also carefully consider the &ldquo;Risk Factors&rdquo;
beginning on page 11 of the Prospectus before you decide to invest.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Macquarie Bank Limited to Serve as a Swaps Counterparty for USO</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 30, 2021, United States Oil Fund, LP entered
into an International Swaps and Derivatives Association, Inc. (&ldquo;ISDA&rdquo;) 2002 Master Agreement (the &ldquo;Agreement&rdquo;)
with Macquarie Bank Limited, pursuant to which Macquarie Bank has agreed to serve as an over-the-counter (&ldquo;OTC&rdquo;) swaps counterparty
for United States Oil Fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In light of the foregoing, the Prospectus is revised
as follows:</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The second full paragraph on page 5 of the Prospectus is revised by adding
the following to the end of the last sentence thereof. This change is a conforming change that is intended to make the paragraph consistent
with a repetition of the paragraph that appears on page 42 of the Prospectus:&#9;</FONT></TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&ldquo;or due to other regulatory requirements,
risk mitigation measures, market conditions, liquidity requirements or other factors&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The following is added to page 56 of the Prospectus, immediately before
the subheading &ldquo;USO&rsquo;s Fees and Expenses&rdquo;:</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><B>Swap Dealer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">On November 30, 2021, USO entered into
an ISDA 2002 Master Agreement (the &ldquo;Macquarie ISDA&rdquo;) with Macquarie Bank Limited, pursuant to which Macquarie Bank Limited
has agreed to serve as an over-the-counter (&ldquo;OTC&rdquo;) swaps counterparty for USO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Macquarie Bank Limited&rsquo;s principal
address is Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD, England. Macquarie Bank Limited is registered with the CFTC as a swap
dealer. As of the date hereof, Macquarie Bank Limited has no material litigation to disclose as that term is defined under the CEA and
regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Macquarie Bank Limited is not affiliated
with USO or USCF. Therefore, neither USCF nor USO believes that there will be any conflicts of interest with Macquarie Bank Limited or
its trading principals arising from Macquarie Bank Limited acting as an OTC swaps counterparty to USO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">The Macquarie ISDA provides USO the ability
to invest in OTC swaps in furtherance of its investment objective by providing it with investment flexibility in light of market conditions,
liquidity, regulatory requirements, and risk diversification. USO may enter into OTC swap transactions with Macquarie under the Macquarie
ISDA in light of the foregoing. USO&rsquo;s OTC swap transactions outstanding under the Macquarie ISDA, along with USO&rsquo;s other holdings,
will be published on USO&rsquo;s webpage, www.uscfinvestments.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;</P>

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