Bloomberg News

U.S. Oil Fund Premium at 0.07 Percent on March 26

March 27, 2012

The U.S. Oil Fund, the largest exchange-traded fund in crude oil, closed at a premium of 0.07 percent on March 26, 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 rose 16 cents, or 0.15 percent, to $107.03 a barrel on the New York Mercantile Exchange on March 26.

================================================================================
                       March 26 March 23 March 22 March 21 March 20 March 19
                           2012     2012     2012     2012     2012     2012
================================================================================
                         --------------------Per Share-----------------------
Premium/discount          0.07%    0.00%    0.07%   -0.39%    0.15%   -0.07%
Net Asset Value          $40.74   $40.68   $40.10   $40.83   $40.38   $41.32
Closing price            $40.77   $40.68   $40.13   $40.67   $40.44   $41.29
                         ------------Quantity of Fund Holdings---------------
NYMEX Futures            11,589   11,932   11,477   12,047   12,047   12,047
================================================================================
                       March 26 March 23 March 22 March 21 March 20 March 19
                           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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