Current Report Filing (8-k)
May 29 2020 - 5:05PM
Edgar (US Regulatory)
0001327068
false
0001327068
2020-05-28
2020-05-28
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
May 29, 2020 (May 28, 2020)
UNITED STATES OIL FUND, LP
(Exact name of registrant as specified in its
charter)
Delaware
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001-32834
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20-2830691
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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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)
Securities registered pursuant to Section
12(b) of the Act:
Title of each class:
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Trading Symbol(s)
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Name of each exchange on which registered:
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Shares of United States Oil Fund, LP
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USO
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NYSE Arca, Inc.
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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
(see General Instruction A.2. below):
☐ Written
communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ 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 ☐
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. ☐
Item 1.01 Entry into a Material Definitive Agreement.
On May 28, 2020, the United
States Oil Fund, LP (the “Registrant”), entered into a Commodity Futures Customer Agreement (the “Agreement”)
with RCG Division of Marex Spectron (“RCG”) to serve as a futures commission merchant (“FCM”) for the Registrant.
The Agreement requires RCG to provide services to the Registrant, in connection with the purchase and sale of oil futures contracts
and other oil-related investments that may be purchased or sold by or through RCG for the Registrant’s account. Under the
Agreement, the Registrant pays RCG commissions for executing and clearing trades on behalf of the Registrant. As a result, RCG
will serve as an FCM for the Registrant along with RBC Capital Markets, LLC (“RBC”), which provides such services pursuant
to a Futures and Cleared Derivatives Transactions Customer Account Agreement by and between USCF and RBC, dated as of October 8,
2013.
The foregoing description
of the Agreement is not complete and is qualified in its entirety by reference to the full text of the Agreement, a form of which is
attached hereto as Exhibit 10.1 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.
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UNITED STATES OIL FUND, LP
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By:
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United States Commodity Funds LLC, its general partner
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Date: May 29, 2020
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By:
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/s/ John P. Love
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Name:
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John P. Love
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Title:
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President and Chief Executive Officer
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