Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
March 30 2020 - 4:25PM
Edgar (US Regulatory)
Filed pursuant to
Rule 424(b)(3)
File No. 333-237290
UNITED STATES OIL FUND, LP
________________________________________
Supplement dated April 1, 2020
to
Prospectus dated March 23, 2020
________________________________________
This supplement contains information which
amends, supplements or modifies certain information contained in the prospectus of United States Oil Fund, LP dated March 23,
2020 (the “Prospectus”). Please read it and keep it with your Prospectus for future reference.
You should carefully consider the “Risk Factors” beginning
on page 5 of the Prospectus before you decide to invest.
The Bank of New York Mellon to Serve as USO’s Custodian, Fund
Administrator and Transfer Agent
USO, together with USCF and each of the Related Public Funds, has
entered into the following agreements with The Bank of New York Mellon, a New York corporation authorized to do banking business
(“BNY Mellon”), pursuant to which BNY Mellon will provide certain custodial, fund administration and accounting and
custodial services to USO and each of the Related Public Funds commencing as of April 1, 2020 (together, the “BNY Mellon
Agreements”): (i) a Custody Agreement, pursuant to which BNY Mellon provides certain custodial services; (ii) a Fund Administration
and Accounting Agreement, pursuant to which BNY Mellon provides fund administration and accounting services; and (iii) a Transfer
Agency and Service Agreement, pursuant to which BNY Mellon provides transfer agency services, each dated as of March 20, 2020.
In connection with the entry into the BNY Mellon Agreements, USO
and Brown Brothers Harriman and Co., a limited partnership organized under the laws of the State of New York (“BBH”),
have agreed to terminate the following agreements: (1) a Custodian Agreement dated as of March 13, 2006, as amended from time to
time (the “BBH Custodian Agreement”), pursuant to which BBH provided certain custodial services, and (2) an Administration
Agency Agreement dated as of March 13, 2006, as amended from time to time (the “BBH Administrative Agency Agreement”,
pursuant to which BBH provides certain administrative and transfer agency services to USO. The BBH Custodian Agreement terminates
on March 31, 2020 and the BBH Administrative Agency Agreement is scheduled to terminate on May 31, 2020 to allow for certain reporting
and other services to continue in connection with the transition to BNY Mellon.
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