Bloomberg News

U.S. Oil Fund Premium at 0.37 Percent on March 5

March 05, 2012

The U.S. Oil Fund, the largest exchange-traded fund in crude oil, closed at a premium of 0.37 percent on March 5, according to figures on the fund’s website. A premium means that the closing price of the shares is higher than the value of its underlying holdings in the fuel.

Crude oil for April delivery rose 2 cents, or 0.02 percent, to $106.72 a barrel on the New York Mercantile Exchange on March 5.

================================================================================
                        March 5  March 2  March 1  Feb. 29  Feb. 28  Feb. 27
                           2012     2012     2012     2012     2012     2012
================================================================================
                         --------------------Per Share-----------------------
Premium/discount          0.37%   -0.05%    0.26%   -0.12%    0.12%   -0.77%
Net Asset Value          $40.82   $40.82   $41.64   $40.96   $40.76   $41.53
Closing price            $40.97   $40.80   $41.75   $40.91   $40.81   $41.21
                         ------------Quantity of Fund Holdings---------------
NYMEX Futures            12,039   12,307   12,960   13,190   13,190   12,425
================================================================================
                        March 5  March 2  March 1  Feb. 29  Feb. 28  Feb. 27
                           2012     2012     2012     2012     2012     2012
================================================================================
                         ------------Quantity of Fund Holdings---------------
ICE WTI                   2,000    2,000    2,000    2,000    2,000    2,000
================================================================================

NOTE: The fund aims to track the price of West Texas Intermediate delivered to Cushing, Oklahoma. The ETF buys the near-month contract, then rolls forward by selling it before expiration and buying the following month.

SOURCE: United States Oil Fund

To contact the reporter on this story: Sarina Yoo in Seoul at kyoo3@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net


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