EX-99.1 2 tm246181d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended January 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $21,894,300 
Realized Gain (Loss) on Swap Contracts   15,304,335 
Unrealized Gain (Loss) on Market Value of Commodity Futures   39,566,500 
Unrealized gain (loss) on Fair Value of Swap Contracts   (108)
Dividend Income   1,449,722 
Interest Income   4,475,874 
ETF Transaction Fees   40,000 
Total Income (Loss)  $82,730,623 
      
Expenses     
General Partner Management Fees  $555,211 
Professional Fees   247,817 
Brokerage Commissions   147,417 
Directors' Fees and insurance   51,032 
License fees   18,507 
Total Expenses  $1,019,984 
Net Income (Loss)  $81,710,639 
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 1/1/24  $1,567,345,541 
Additions (12,100,000 Shares)   833,313,186 
Withdrawals (16,700,000 Shares)   (1,146,864,211)
Net Income (Loss)   81,710,639 
      
Net Asset Value End of Month  $1,335,505,155 
Net Asset Value Per Share (18,823,603 Shares)  $70.95 

 

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 January 31, 2024 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