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ORGANIZATION AND BUSINESS (Details) |  |  | 3 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Apr. 28, 2020 $ / shares shares | Apr. 10, 2006 USD ($) $ / shares shares | Mar. 31, 2023 contract $ / shares $ / item shares | Dec. 31, 2022 $ / shares | Mar. 31, 2022 $ / shares | Dec. 31, 2021 $ / shares | Apr. 29, 2020 $ / shares shares | Apr. 30, 2006 shares
ORGANIZATION AND BUSINESS |  |  |  |  |  |  |  |
Number of successive valuation days |  |  | 30 days |  |  |  |  |
Average daily percentage change in the price of the benchmark futures Contract considered |  |  | 10.00% |  |  |  |  |
Fee paid for each order placed to create one or more creation baskets | $ / item |  |  | 1,000 |  |  |  |  |
Conversion ratio | 0.125 |  |  |  |  |  |  |
Net asset value per unit | $ / shares |  | $ 67.39 | $ 66.47 | $ 70.05 | $ 73.83 | $ 54.18 |  |
Limited partners' capital account, number of units authorized |  |  | 5,627,000,000 |  |  |  |  | 17,000,000
Limited partners capital account units issued |  | 200,000 |  |  |  |  |  |
Value of units issued | $ |  | $ 13,479,000 |  |  |  |  |  |
Creation Baskets |  |  |  |  |  |  |  |
ORGANIZATION AND BUSINESS |  |  |  |  |  |  |  |
Number of units in the basket |  |  | 100,000 |  |  |  |  |
Redemption Baskets |  |  |  |  |  |  |  |
ORGANIZATION AND BUSINESS |  |  |  |  |  |  |  |
Number of units in the basket |  |  | 100,000 |  |  |  |  |
USO |  |  |  |  |  |  |  |
ORGANIZATION AND BUSINESS |  |  |  |  |  |  |  |
Futures oil contracts held for light and sweet crude oil traded | contract |  |  | 17,998 |  |  |  |  |
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 |

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- 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 https://asc.fasb.org/extlink&oid=126973232&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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition Average daily percentage change in the price of the Benchmark Futures Contract considered for determining the average daily percentage change in the fund's NAV for achieving the entity's investment objective. + References No definition available. + Details
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