United States Oil Fund
WTI crude oil exposure, no futures account required.
52-week range
$64.43 – $151.63
₹6,073 – ₹14,291
Today's range
$127.38 – $136.78
Open $128.77 · Prev $133.95
200-day avg
$84.90
50-day $120.44
If you had bought
₹100 in USO, 5 years ago.
In rupee terms — combining the underlying's US-dollar return with the rupee's depreciation against the dollar over the period. Past performance is not a guarantee of future results.
USOo returns are illustrative, derived from public end-of-day USO closes and approximate historical ₹/$ rates.
Buy in rupees
Buy USOo from ₹500.
Fractional from $1. Fund your Lume wallet with UPI through Onramp, then own a tokenized share at the live US market price — all in under three minutes.
About USO
United States Oil Fund
USO seeks to achieve its investment objective by investing primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.
Underlying
- Symbol
- USO
- Tokenized as
- USOo
- Issuer
- Ondo Finance
- Category
- Commodity
- Sector
- Commodity
- Exchange
- NYSEArca
USOo FAQ
Honest answers about USOo.
What exactly is USOo?+
USOo is an on-chain token that tracks the price of United States Oil Fund (USO). Each token is collateralized 1:1 by the underlying commodity, issued by Ondo Finance under its Global Markets program.
Is owning USOo the same as owning USO?+
Economically, the token tracks the underlying price. Legally, you own a tokenized representation — not the underlying security itself. You do not have shareholder rights, voting rights, or rights against the issuing company. Dividends, where applicable, are passed through under the issuer's mechanism.
How is USOo priced?+
The on-chain price tracks the underlying market price via market makers and oracles. During US market hours the spread is typically tight; outside US hours and on weekends, the on-chain price is set by on-chain liquidity and may diverge from the last close.
Why use Lume to hold USOo instead of buying USO through an Indian broker?+
The Lume route is faster end-to-end — sign in with email, fund with UPI, own. No Demat, no LRS quota, no T+2 wait. The tradeoff: you take on self-custody responsibility, and you handle your own Indian capital-gains filing (Onramp deducts the 1% TDS at source).
What about Indian taxes on USOo?+
Tokenized assets fall under India's Virtual Digital Asset (VDA) framework. Gains are taxed at 30% with 1% TDS above prescribed thresholds. Treatment is evolving — consult a qualified Indian chartered accountant for your specific situation.
What if Lume disappears?+
Your tokens live in your own wallet — not in Lume's custody. Even if Lume's interface went offline tomorrow, your USOo would remain in your wallet and could be redeemed or traded through any other interface that supports the underlying token.
Hold USOo.
In three minutes.
No Demat. No LRS quota. No T+2. Sign in, fund with UPI, own USOo in your own wallet.