Bloomberg News

U.S. Oil Fund Premium at 0.07 Percent on March 22

March 23, 2012

The U.S. Oil Fund, the largest exchange-traded fund in crude oil, closed at a premium of 0.07 percent on March 22, 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 May delivery fell $1.92, or 1.79 percent, to $105.35 a barrel on the New York Mercantile Exchange on March 22.

================================================================================
                       March 22 March 21 March 20 March 19 March 16 March 15
                           2012     2012     2012     2012     2012     2012
================================================================================
                         --------------------Per Share-----------------------
Premium/discount          0.07%   -0.39%    0.15%   -0.07%    0.20%    0.15%
Net Asset Value          $40.10   $40.83   $40.38   $41.32   $40.95   $40.22
Closing price            $40.13   $40.67   $40.44   $41.29   $41.03   $40.28
                         ------------Quantity of Fund Holdings---------------
NYMEX Futures            11,477   12,047   12,047   12,047   12,047   11,781
================================================================================
                       March 22 March 21 March 20 March 19 March 16 March 15
                           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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