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
30, 2007
|
UNITED
STATES OIL FUND, LP
|
|
|
(Exact
name of registrant as specified in its charter)
|
|
Delaware
|
001-32824
|
20-2830691
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer
Identification
No.)
|
|
1320
Harbor Bay Parkway, Suite 145
Alameda,
California 94502
|
|
|
(Address
of principal executive offices)
(Zip
Code)
|
|
Registrant's
telephone number, including area code
|
(510)
522-3336
|
|
|
|
|
|
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 (see General
Instruction A.2. below):
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-4c))
Item
1.01. Entry into a Material Definitive Agreement.
On
May
30, 2007, United States Oil Fund, LP (the “Registrant”) and Victoria Bay Asset
Management, LLC, the general partner of the Registrant (the “General Partner”),
together with the affiliated funds which are managed by the General Partner
(the
“Affiliated Funds” and, together with the Registrant, the “Funds”), entered into
a Licensing Agreement (the “Licensing Agreement”) with the New York Mercantile
Exchange (the “NYMEX”). The Licensing Agreement has an effective date of April
10, 2006. Under the terms of the Licensing Agreement, the NYMEX granted the
Funds a non-exclusive license to use certain of the NYMEX’s settlement prices
and service marks, and the Funds will pay a licensing fee to the NYMEX on a
quarterly basis based on the Funds’ aggregate daily net asset value that is
equal to .04% for the first $1,000,000,000 of combined assets of the Funds
and
.02% for combined assets of the Funds above $1,000,000,000. The Registrant
expressly disclaims any association with the NYMEX or endorsement of the
Registrant by the NYMEX, and acknowledges that “NYMEX” and “New York Mercantile
Exchange” are registered trademarks of the NYMEX.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits.
10.1
|
License
Agreement, dated as of April 10, 2006, among United States Oil Fund,
LP,
Victoria Bay Asset Management, LLC, certain other funds which are
managed
by Victoria Bay Asset Management, LLC and the New York Mercantile
Exchange, Inc. (Incorporated
by reference to Exhibit 10.1 to the Quarterly Report on Form 10-Q
for the
quarter ended March 31, 2007 of United States Natural Gas Fund,
LP.)
|
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
|
Date:
June 4, 2007
|
By:
Victoria Bay Asset Management, LLC, its general partner
By:
/s/Nicholas
D. Gerber
|
|
Name: Nicholas
D. Gerber
Title: Chief
Executive Officer
|