Current Report Filing (8-k)
June 15 2022 - 4:23PM
Edgar (US Regulatory)
0001327068
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0001327068
2022-06-15
2022-06-15
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xbrli:shares
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 15, 2022
UNITED
STATES OIL FUND, LP
(Exact name of registrant as specified in its charter)
Delaware |
001-32834 |
20-2830691 |
(State
or other jurisdiction |
(Commission File
Number) |
(I.R.S. Employer |
of incorporation) |
|
Identification No.) |
1850
Mt. Diablo Boulevard, Suite 640
Walnut
Creek, California 94596
(Address
of principal executive offices) (Zip Code)
(510) 522-9600
Registrant’s
telephone number, including area code
Not
Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| o | Written communication pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o | Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | |
Trading Symbol(s) | |
Name of each exchange on which registered: |
Shares of United States Oil Fund, LP | |
USO | |
NYSE Arca, Inc. |
| |
| |
|
Item 1.01. Entry into
a Material Definitive Agreement.
On June 13, 2022, United States Oil Fund, LP (the
“Registrant”) entered into an International Swaps and Derivatives Association, Inc. (“ISDA”) 2002 Master Agreement
(the “Agreement”) with Société Générale S.A., pursuant to which Société Générale
S.A. has agreed to serve as an over-the-counter (“OTC”) swaps counterparty for the Registrant.
Entering into the Agreement provides the Registrant
with the ability to invest in OTC swaps in furtherance of its investment objective by providing it with investment flexibility in light
of regulatory requirements, risk mitigation measures, market conditions, liquidity requirements or other factors. When the Registrant
enters into OTC swap transactions with Société Générale S.A. under the Agreement, the Registrant’s OTC
swap transactions outstanding under the Agreement, along with the Registrant’s other holdings, will be published on the Registrant’s
webpage, www.uscfinvestments.com.
The foregoing description of the Agreement is not complete and is qualified
in its entirety by reference to the full text of the Agreement, which is attached hereto as Exhibit 10.13 and is incorporated herein by
reference.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
UNITED
STATES OIL FUND, LP |
|
|
By: |
United
States Commodity Funds LLC, its general partner |
|
|
|
|
Date: |
June 15, 2022 |
By: |
/s/
John P. Love |
|
|
Name: |
John P. Love |
|
|
Title: |
President and Chief
Executive Officer |
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