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We use cookies to improve your experience. Please read our Privacy Policy or click Accept.× Products Exchange Traded Products PRODUCTS / Exchange Traded Products Broad Commodity USCI | United States Commodity Index Fund Single Commodity Oil USO | United States Oil Fund USL | United States 12 Month Oil Fund BNO | United States Brent Oil Fund Natural Gas UNG | United States Natural Gas Fund UNL | United States 12 Month Natural Gas Fund Gasoline UGA | United States Gasoline Fund Metals CPER | United States Copper Index Fund EXCHANGE TRADED FUNDS PRODUCTS / Exchange Traded Funds Commodity SDCI | USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund GLDX | USCF Gold Strategy Plus Income Fund Equity UDI | USCF Dividend Income Fund UMI | USCF Midstream Energy Income Fund Holdings Exchange Traded Products HOLDINGS / Exchange Traded Products Broad Commodity USCI | United States Commodity Index Fund Single Commodity Oil USO | United States Oil Fund USL | United States 12 Month Oil Fund BNO | United States Brent Oil Fund Natural Gas UNG | United States Natural Gas Fund UNL | United States 12 Month Natural Gas Fund Gasoline UGA | United States Gasoline Fund Metals CPER | United States Copper Index Fund EXCHANGE TRADED FUNDS HOLDINGS / Exchange Traded Funds Broad Commodity SDCI | USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund GLDX | USCF Gold Strategy Plus Income Fund Equity UDI | USCF Dividend Income Fund UMI | USCF Midstream Energy Income Fund News USCF News Fund News Podcasts Insights Filings Team Contact * * PRODUCTS * HOLDINGS * NEWS * PODCASTS * INSIGHTS * FILINGS * TEAM * CONTACT * EXCHANGE TRADED PRODUCTS * Broad Commodity * USCI | United States Commodity Index Fund * Single Commodity OIL * USO | United States Oil Fund * USL | United States 12 Month Oil Fund * BNO | United States Brent Oil Fund * NATURAL GAS * UNG | United States Natural Gas Fund * UNL | United States 12 Month Natural Gas Fund * GASOLINE * UGA | United States Gasoline Fund * METALS * CPER | United States Copper Index Fund * EXCHANGE TRADED FUNDS * Commodity * SDCI | USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund * GLDX | USCF Gold Strategy Plus Income Fund * Equity * UDI | USCF Dividend Income Fund * UMI | USCF Midstream Energy Income Fund * EXCHANGE TRADED PRODUCTS * Broad Commodity * USCI | United States Commodity Index Fund * Single Commodity OIL * USO | United States Oil Fund * USL | United States 12 Month Oil Fund * BNO | United States Brent Oil Fund * NATURAL GAS * UNG | United States Natural Gas Fund * UNL | United States 12 Month Natural Gas Fund * GASOLINE * UGA | United States Gasoline Fund * METALS * CPER | United States Copper Index Fund * EXCHANGE TRADED FUNDS * Commodity * SDCI | USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund * GLDX | USCF Gold Strategy Plus Income Fund * Equity * UDI | USCF Dividend Income Fund * UMI | USCF Midstream Energy Income Fund * USCF News * Fund News An investment in USO can be adversely impacted by various factors as disclosed in USO’s current prospectus, including disruptions in the markets for crude oil and regulatory and other limitations imposed on USO’s positions in the oil markets and other oil-related investments, such as the events that occurred during Spring of 2020. THE USO PROSPECTUS DESCRIBES THESE RISKS AND OTHER MATERIAL RISKS. INVESTORS SHOULD CAREFULLY READ THE USO PROSPECTUS AND CONSIDER ALL OF THE RISK FACTORS DESCRIBED THEREIN BEFORE MAKING AN INVESTMENT DECISION WITH RESPECT TO USO SHARES. USO’S CURRENT PROSPECTUS CAN BE FOUND HERE, AND USO’S CURRENT AND PERIODIC REPORTS FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION INCORPORATED THEREIN CAN BE FOUND HERE. * * * * * RECENT UPDATES June 27, 2022 What in the World? Unexpected Inflation & It's Impact Read more June 8, 2022 USCF Announces Launch of the USCF Dividend Income Fund with Miller/Howard Investments (Ticker: UDI) Read more May 31, 2022 Diversifying with Real Assets Read more Fact Sheets Select a Fund from the dropdown below to view its corresponding Fact Sheet. SELECT A FUND USCI - United States Commodity Index Fund USO - United States Oil Fund USL - United States 12 Month Oil Fund BNO - United States Brent Oil Fund UNG - United States Natural Gas Fund UNL - United States 12 Month Natural Gas Fund UGA - United States Gasoline Fund CPER - United States Copper Index Fund SDCI - USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund GLDX - USCF Gold Strategy Plus Income Fund UDI - USCF Dividend Income Fund UMI - USCF Midstream Energy Income Fund Back to Top * Team * Disclosures * Definitions * Terms of Use * Careers * K-1 Information * Privacy * Site Map * * * * * * Stay Connected Also of Interest * USCF Insights Overview * United States Commodity Index ETF USCI Overview * Gold Strategy Plus Income Fund NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE This information is intended for U.S. residents. One cannot invest directly in an index. USCF is a registered service mark of United States Commodity Funds LLC. United States Commodity Funds LLC and USCF Advisers LLC are wholly owned limited liability companies of USCF Investments, Inc. ALPS Distributors, Inc., is the distributor for funds sponsored by the United States Commodity Funds LLC and funds that are series of the USCF ETF Trust and not affiliated with either entity or USCF Investments, Inc. Shares of the funds that are exchange-traded products (ETPs) or exchange-traded funds (ETFs) are not individually redeemable and owners of any Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations of 25,000, 50,000 or 100,000 Shares. Investments contain a heightened risk including market and price movements that are outside the Fund’s control and may be influenced by infectious disease outbreaks, including Covid-19, weather and climate conditions, livestock disease, war, terrorism, political conflicts and economic event, interest rates, currency exchange rates, U.S. and non-U.S. government regulation and taxation Investments held in U.S. government securities and money market instruments can suffer losses. EXCHANGE TRADED PRODUCT DISCLOSURES We advise you to consider a Fund's objectives, risks, charges and expenses carefully before investing. Download a copy of a Fund's Prospectus by clicking one of the following: USCI, USO, USL, BNO, UNG, UNL, UGA, CPER which contains this and other information, or contact the Fund’s distributor at: ALPS Distributors, Inc., 1290 Broadway, Suite 1000, Denver, Colorado 80203 or call 800-920-0259. Please read the Fund’s Prospectus carefully before investing. USCI, USO, USL, BNO, UNG, UNL, UGA, and CPER are commodity pools regulated by the Commodity Futures Trading Commission. These Funds, which are ETPs, are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder. Past performance does not guarantee future results. Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. An investor may lose all or substantially all of an investment. Investing in commodity interests subject each Fund to the risks of its related industry. These risks could result in large fluctuations in the price of a particular Fund's respective shares. Funds that focus on a single sector generally experience greater volatility. For further discussion of these and additional risks associated with an investment in the Funds please read the respective Fund Prospectus before investing. INVESTING IN USO INVOLVES RISKS SIMILAR TO THOSE INVOLVED WITH AN INVESTMENT DIRECTLY IN THE OIL FUTURES MARKETS, BUT IT IS NOT A PROXY FOR TRADING DIRECTLY IN THE OIL MARKETS AND THESE RISKS ARE REAL. Investing in USO also involves correlation risk. Recent and unprecedented volatility in the crude oil markets in 2020 demonstrates that these risks are real. An investor should consider carefully the risks described below before making an investment decision. See the section of the USO prospectus titled “Risk Factors Involved with an Investment in USO.” Certain of these risk factors are summarized in the Disclosures section of this website. EXCHANGE TRADED FUND DISCLOSURES We advise you to consider a fund's objectives, strategies, risks, charges and expenses carefully before investing. The Prospectus contains this and other information. Download a copy of a fund's Prospectus by clicking one of the following: SDCI, UDI, UMI, GLDX. Please read any Prospectus carefully before investing. An investment in the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI), the USCF Dividend Income Fund (UDI), the USCF Midstream Energy Income Fund (UMI) and the USCF Gold Strategy Plus Income Fund (GLDX) may not be suitable for all investors. Investing involves risks, including loss of principal. The market value of shares of common stock can be volatile and change quickly. There is no guarantee that the fund's objective will be met. Fund concentration generally leads to greater price volatility. Foreign investing involves special risks such as currency fluctuations and political uncertainty. Investment in small companies generally experience greater price volatility. Past performance does not guarantee future results. Commodity trading is highly speculative and involves a high degree of risk. Commodities and futures generally are volatile and are not suitable for all investors. An investor may lose all or substantially all of an investment. Investing in commodity interests subject each Fund to the risks of its related industry. These risks could result in large fluctuations in the price of a particular Fund's respective shares. Funds that focus on a single sector generally experience greater volatility. For further discussion of these and additional risks associated with an investment in the Funds please read the respective Fund Prospectus before investing. SDCI, UDI, UMI, and GLDX shares are not individually redeemable. Individual investors must buy and sell SDCI, UDI, UMI, and GLDX shares in the secondary market through their brokerage firm. Brokerage commissions may apply and will reduce returns. UDI and GLDX are new and have a limited operating history. © 2022 USCF | All rights reserved.