XML 51 R35.htm IDEA: XBRL DOCUMENT v3.22.4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Effect of Derivative Instruments on Statements of Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
FAIR VALUE OF FINANCIAL INSTRUMENTS
Change in unrealized gain (loss) on derivatives recognized in income	$ (92,251,288)	$ (287,006,734)	$ 363,923,391
Commodity Contracts | Realized gain (loss) on closed positions | Futures
FAIR VALUE OF FINANCIAL INSTRUMENTS
Realized gain (loss) on derivatives recognized in income	874,875,947	1,911,763,583	(2,251,576,260)
Commodity Contracts | Realized gain (loss) on closed positions | Swap | OTC
FAIR VALUE OF FINANCIAL INSTRUMENTS
Realized gain (loss) on derivatives recognized in income	(13,603,878)
Commodity Contracts | Change in unrealized gain (loss) on open positions | Futures
FAIR VALUE OF FINANCIAL INSTRUMENTS
Change in unrealized gain (loss) on derivatives recognized in income	(92,251,288)	$ (287,006,734)	$ 363,923,391
Commodity Contracts | Change in unrealized gain (loss) on open positions | Swap | OTC
FAIR VALUE OF FINANCIAL INSTRUMENTS
Change in unrealized gain (loss) on derivatives recognized in income	$ (4,145)

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsGainLossLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.13(h))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Name:	us-gaap_GainLossOnSaleOfDerivatives
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of open derivatives, commodity, or energy contracts, held at each balance sheet date, that was included in earnings for the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585

+ Details

Name:	us-gaap_UnrealizedGainLossOnDerivativesAndCommodityContracts
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	uso_DerivativeByNatureOfPositionAxis=uso_ClosedContractsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

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

X

- Details

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

X

- Details

Name:	us-gaap_TransactionTypeAxis=us-gaap_OverTheCounterMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	uso_DerivativeByNatureOfPositionAxis=uso_OpenPositionMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: