The Invesco DB Oil Fund (NYSE ARCA:DBO) is a commodity-based exchange-traded fund (ETF) that focuses on a single index, which is comprised of Light, Sweet Crude Oil (WTI). This means that the fund's performance is closely tied to the price movements of WTI crude oil, a widely traded and benchmarked oil variety.
To achieve its investment objective, the fund invests in futures contracts, which are financial instruments that allow it to gain exposure to the oil market without physically holding the commodity. By doing so, the fund aims to track the performance of its corresponding index, providing investors with a way to gain exposure to the oil market.
The fund is managed by Invesco, a well-established global investment management company with a strong presence in the United States. You can find more information about the company on their website at http://www.invesco.com/us. As a US-domiciled fund, it is subject to the regulatory framework and laws of the United States.