EX-99.1 2 tm2332808d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended November 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(101,158,984)
Realized Gain (Loss) on Swap Contracts   (17,080,471)
Unrealized Gain (Loss) on Market Value of Commodity Futures   26,665,194 
Unrealized gain (loss) on Fair Value of Swap Contracts   120 
Dividend Income   2,101,166 
Interest Income   4,510,238 
ETF Transaction Fees   34,000 
Total Income (Loss)  $(84,928,737)
      
Expenses     
General Partner Management Fees  $614,653 
Professional Fees   187,323 
Brokerage Commissions   115,596 
Directors' Fees and insurance   49,546 
License fees   20,488 
Total Expenses  $987,606 
Net Income (Loss)  $(85,916,343)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/23  $1,759,321,071 
Additions (10,300,000 Shares)   739,085,979 
Withdrawals (12,600,000 Shares)   (908,871,668)
Net Income (Loss)   (85,916,343)
      
Net Asset Value End of Month  $1,503,619,039 
Net Asset Value Per Share (21,223,603 Shares)  $70.85 

 

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 November 30, 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