USO
$161.76+2.83%
as of close, Oct 16, 2026
☾ AH $161.76 +2.83%
United States Oil FundETF · Commodities
United States Oil Fund monthly returns
United States Oil Fund has averaged 0.26% per month, positive in 51% of months. Month-by-month returns for United States Oil Fund (USO) below, through October 16, 2026 — the table lists the most recent months; the bar chart plots the last 5 years.
Average month
+0.3%
238 months
Best month
+55.3%
Mar 2026
Worst month
-55.4%
Mar 2020
Positive months
51%
of all months
United States Oil Fund monthly returns#
| Month | Path | Total return |
|---|---|---|
| Oct 2026 | +11.1% | |
| Sep 2026 | +8.9% | |
| Aug 2026 | +3.5% | |
| Jul 2026 | +22.3% | |
| Jun 2026 | -18.2% | |
| May 2026 | -12.2% | |
| Apr 2026 | +15.6% | |
| Mar 2026 | +55.3% | |
| Feb 2026 | +3.1% | |
| Jan 2026 | +15.0% | |
| Dec 2025 | -2.7% | |
| Nov 2025 | -2.1% | |
| Oct 2025 | -1.6% | |
| Sep 2025 | -1.5% | |
| Aug 2025 | -6.0% | |
| Jul 2025 | +8.9% | |
| Jun 2025 | +8.9% | |
| May 2025 | +5.6% | |
| Apr 2025 | -17.8% | |
| Mar 2025 | +2.8% | |
| Feb 2025 | -3.6% | |
| Jan 2025 | +3.3% | |
| Dec 2024 | +5.5% | |
| Nov 2024 | -2.0% | |
| Oct 2024 | +4.5% | |
| Sep 2024 | -5.9% | |
| Aug 2024 | -4.4% | |
| Jul 2024 | -2.3% | |
| Jun 2024 | +6.4% | |
| May 2024 | -4.5% | |
| Apr 2024 | -0.4% | |
| Mar 2024 | +7.3% | |
| Feb 2024 | +3.4% | |
| Jan 2024 | +6.4% | |
| Dec 2023 | -5.0% | |
| Nov 2023 | -6.5% | |
| Oct 2023 | -7.2% | |
| Sep 2023 | +7.7% | |
| Aug 2023 | +2.6% | |
| Jul 2023 | +15.1% | |
| Jun 2023 | +4.8% | |
| May 2023 | -10.2% | |
| Apr 2023 | +1.6% | |
| Mar 2023 | -1.1% | |
| Feb 2023 | -3.0% | |
| Jan 2023 | -1.1% | |
| Dec 2022 | -0.2% | |
| Nov 2022 | -1.8% | |
| Oct 2022 | +9.6% | |
| Sep 2022 | -10.7% | |
| Aug 2022 | -6.3% | |
| Jul 2022 | -2.9% | |
| Jun 2022 | -6.0% | |
| May 2022 | +10.8% | |
| Apr 2022 | +4.1% | |
| Mar 2022 | +9.8% | |
| Feb 2022 | +8.0% | |
| Jan 2022 | +14.9% | |
| Dec 2021 | +13.5% | |
| Nov 2021 | -16.2% | |
| Oct 2021 | +8.7% | |
| Sep 2021 | +9.4% | |
| Aug 2021 | -5.2% | |
| Jul 2021 | +1.6% | |
| Jun 2021 | +9.8% | |
| May 2021 | +5.0% | |
| Apr 2021 | +6.8% | |
| Mar 2021 | -1.9% | |
| Feb 2021 | +17.4% | |
| Jan 2021 | +6.6% | |
| Dec 2020 | +6.6% | |
| Nov 2020 | +22.7% | |
| Oct 2020 | -10.7% | |
| Sep 2020 | -7.5% | |
| Aug 2020 | +5.2% | |
| Jul 2020 | +3.6% | |
| Jun 2020 | +8.4% | |
| May 2020 | +35.4% | |
| Apr 2020 | -43.2% | |
| Mar 2020 | -55.4% | |
| Feb 2020 | -12.8% | |
| Jan 2020 | -15.4% | |
| Dec 2019 | +10.2% | |
| Nov 2019 | +2.8% | |
| Oct 2019 | -0.4% | |
| Sep 2019 | -1.0% | |
| Aug 2019 | -4.8% | |
| Jul 2019 | +0.0% | |
| Jun 2019 | +8.5% | |
| May 2019 | -16.5% | |
| Apr 2019 | +6.3% | |
| Mar 2019 | +4.6% | |
| Feb 2019 | +5.3% | |
| Jan 2019 | +17.5% | |
| Dec 2018 | -10.0% | |
| Nov 2018 | -22.2% | |
| Oct 2018 | -11.1% | |
| Sep 2018 | +5.5% | |
| Aug 2018 | +3.0% | |
| Jul 2018 | -5.2% | |
| Jun 2018 | +11.1% | |
| May 2018 | -1.8% | |
| Apr 2018 | +5.4% | |
| Mar 2018 | +5.8% | |
| Feb 2018 | -4.7% | |
| Jan 2018 | +8.1% | |
| Dec 2017 | +4.7% | |
| Nov 2017 | +4.9% | |
| Oct 2017 | +4.8% | |
| Sep 2017 | +8.3% | |
| Aug 2017 | -6.3% | |
| Jul 2017 | +8.2% | |
| Jun 2017 | -4.6% | |
| May 2017 | -2.7% | |
| Apr 2017 | -3.8% | |
| Mar 2017 | -7.1% | |
| Feb 2017 | +1.1% | |
| Jan 2017 | -3.4% | |
| Dec 2016 | +7.2% | |
| Nov 2016 | +3.8% |
Monthly total return (since Nov 2021)#
-40%-20%0%20%40%
Nov 2021-16%
Dec 2021+13%
Jan 2022+15%2022
Feb 2022+8.0%
Mar 2022+9.8%
Apr 2022+4.1%
May 2022+11%
Jun 2022-6.0%
Jul 2022-2.9%
Aug 2022-6.3%
Sep 2022-11%
Oct 2022+9.6%
Nov 2022-1.8%
Dec 2022-0.17%
Jan 2023-1.1%2023
Feb 2023-3.0%
Mar 2023-1.1%
Apr 2023+1.6%
May 2023-10%
Jun 2023+4.8%
Jul 2023+15%
Aug 2023+2.6%
Sep 2023+7.7%
Oct 2023-7.2%
Nov 2023-6.5%
Dec 2023-5.0%
Jan 2024+6.4%2024
Feb 2024+3.4%
Mar 2024+7.3%
Apr 2024-0.44%
May 2024-4.5%
Jun 2024+6.4%
Jul 2024-2.3%
Aug 2024-4.4%
Sep 2024-5.9%
Oct 2024+4.5%
Nov 2024-2.0%
Dec 2024+5.5%
Jan 2025+3.3%2025
Feb 2025-3.6%
Mar 2025+2.8%
Apr 2025-18%
May 2025+5.6%
Jun 2025+8.9%
Jul 2025+8.9%
Aug 2025-6.0%
Sep 2025-1.5%
Oct 2025-1.6%
Nov 2025-2.1%
Dec 2025-2.7%
Jan 2026+15%2026
Feb 2026+3.1%
Mar 2026+55%
Apr 2026+16%
May 2026-12%
Jun 2026-18%
Jul 2026+22%
Aug 2026+3.5%
Sep 2026+8.9%
Oct 2026+11%
United States Oil Fund returns by calendar month#
Every month of every year since 2007, one tick per year on a shared scale; the dark bar is the month's average. Total returns, dividends reinvested.
October 2026 so far: +11.05% — 3rd of 20 Octobers since 2007 at the last close; the average October returned -1.0%.
| Month | −60%0+60% | Average | Median | Up | Best | Worst |
|---|---|---|---|---|---|---|
| Jan | -0.1% | -1.1% | 40% | +17.5% 2019 | -15.4% 2020 | |
| Feb | +1.8% | +2.3% | 65% | +17.4% 2021 | -12.8% 2020 | |
| Mar | +2.3% | +4.0% | 65% | +55.3% 2026 | -55.4% 2020 | |
| Apr | +1.3% | +2.1% | 60% | +21.8% 2015 | -43.2% 2020 | |
| May | +0.2% | -1.7% | 40% | +35.4% 2020 | -17.8% 2012 | |
| Jun | +2.2% | +4.5% | 60% | +11.1% 2018 | -18.2% 2026 | |
| Jul | +0.9% | +1.0% | 55% | +22.3% 2026 | -21.6% 2015 | |
| Aug | -1.5% | -3.2% | 40% | +9.8% 2012 | -9.7% 2010 | |
| Sep | -0.2% | -1.3% | 45% | +12.1% 2007 | -11.7% 2008 | |
| Oct | -1.0% | -0.4% | 47% | +17.2% 2011 | -32.2% 2008 | |
| Nov | -3.4% | -2.0% | 37% | +22.7% 2020 | -24.3% 2008 | |
| Dec | -0.2% | +2.5% | 58% | +13.5% 2021 | -21.4% 2008 |
Methodology#
Monthly returns are total returns (dividends reinvested), computed from USO's split- and dividend-adjusted month-end closes. The table shows the most recent 120 months and the bar chart the most recent 60. See the year-by-year returns for the annual view. Past performance does not predict future returns; not investment advice.
FAQ#
- What is United States Oil Fund's average monthly return?
- United States Oil Fund (USO) has averaged about 0.26% per month, positive in roughly 51% of months. The best month was Mar 2026 (+55.3%) and the worst was Mar 2020 (-55.4%).
More on United States Oil Fund
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