EX-99.1 2 tm2330722d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $1,664,507 
Realized Gain (Loss) on Swap Contracts   (25,422,976)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (111,452,337)
Unrealized gain (loss) on Fair Value of Swap Contracts   (4,139)
Dividend Income   1,364,635 
Interest Income   5,091,787 
ETF Transaction Fees   40,000 
Total Income (Loss)  $(128,718,523)
      
Expenses     
General Partner Management Fees  $606,120 
Professional Fees   193,568 
Brokerage Commissions   93,040 
Directors' Fees and insurance   50,514 
License fees   20,204 
Total Expenses  $963,446 
Net Income (Loss)  $(129,681,969)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 10/1/23  $1,528,040,870 
Additions (15,200,000 Shares)   1,179,820,388 
Withdrawals (10,600,000 Shares)   (818,858,218)
Net Income (Loss)   (129,681,969)
      
Net Asset Value End of Month  $1,759,321,071 
Net Asset Value Per Share (23,523,603 Shares)  $74.79 

 

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 October 31, 2023 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