The nanofluid as a pivotal role in heat transfer system has attracted more and more attention. Herein, the stearic acid-modified CuS (SA-CuS) nanoparticles with a uniform diameter of 60 nm were synthesized successfully by a facile two-phase approach. Accordingly, the CuS-oil nanofluids, with SA-CuS concentrations ranging from 0.01 to 0.04 vol%, were prepared by a one-step method in the heat transfer oil. These CuS-oil nanofluids exhibit good stability and considerable enhanced thermal conductivity. The improvement is even up to 20.5% with a volume fraction of 0.04 vol% at 30 °C. Furthermore, the effect of volume fraction and temperature on the viscosity of the nanofluids was also systematically investigated.