Bloomberg News

U.S. Oil Fund Trades at Par on March 23

March 25, 2012

The U.S. Oil Fund, the largest exchange-traded fund in crude oil, closed at a Trades at Par 0 percent on March 23, according to figures on the fund’s website. A trades at par means that the closing price of the shares is the same as than the value of its underlying holdings in the fuel.

Crude oil for May delivery rose $1.52, or 1.44 percent, to $106.87 a barrel on the New York Mercantile Exchange on March 23.

================================================================================
                       March 23 March 22 March 21 March 20 March 19 March 16
                           2012     2012     2012     2012     2012     2012
================================================================================
                         --------------------Per Share-----------------------
Premium/discount          0.00%    0.07%   -0.39%    0.15%   -0.07%    0.20%
Net Asset Value          $40.68   $40.10   $40.83   $40.38   $41.32   $40.95
Closing price            $40.68   $40.13   $40.67   $40.44   $41.29   $41.03
                         ------------Quantity of Fund Holdings---------------
NYMEX Futures            11,932   11,477   12,047   12,047   12,047   12,047
================================================================================
                       March 23 March 22 March 21 March 20 March 19 March 16
                           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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