EX-99.1 2 tm2212762d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended March 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $381,674,639 
Realized Gain (Loss) on Swap Contracts   15,719,351 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (141,320,130)
Unrealized Gain (Loss) on Fair Value of Swap Contracts   (1,287)
Dividend Income   238,188 
Interest Income   73,325 
ETF Transaction Fees   32,000 
Total Income (Loss)  $256,416,086 
      
Expenses     
General Partner Management Fees  $1,309,387 
Professional Fees   82,276 
Brokerage Commissions   94,878 
Directors' Fees and insurance   72,331 
NYMEX License Fee   43,646 
Total Expenses  $1,602,518 
Net Income (Loss)  $254,813,568 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/22  $2,772,216,063 
Additions (10,500,000 Shares)   804,337,834 
Withdrawals (8,100,000 Shares)   (618,137,376)
Net Income (Loss)   254,813,568 
      
Net Asset Value End of Month  $3,213,230,089 
Net Asset Value Per Share (43,523,603 Shares)  $73.83 

 

To the Limited Partners of United States Oil Fund, LP:

 

Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended March 31, 2022 is accurate and complete.

 

/s/ Stuart P. Crumbaugh 

Stuart P. Crumbaugh

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Oil Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596