EX-99.1 2 tm248771d1_99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended February 29, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $56,563,920 
Realized Gain (Loss) on Swap Contracts   9,253,458 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (13,819,920)
Unrealized gain (loss) on Fair Value of Swap Contracts   1,148 
Dividend Income   1,337,535 
Interest Income   4,079,264 
ETF Transaction Fees   36,000 
Total Income (Loss)  $57,451,405 
      
Expenses     
General Partner Management Fees  $509,146 
Professional Fees   231,829 
Brokerage Commissions   135,721 
Directors' Fees and insurance   45,602 
License fees   16,972 
Total Expenses  $939,270 
Net Income (Loss)  $56,512,135 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/24  $1,335,505,155 
Additions (12,200,000 Shares)   868,731,760 
Withdrawals (12,400,000 Shares)   (892,137,288)
Net Income (Loss)   56,512,135 
      
Net Asset Value End of Month  $1,368,611,762 
Net Asset Value Per Share (18,623,603 Shares)  $73.49 

 

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 February 29, 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