EX-99.1 2 tm2411856d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP 

Monthly Account Statement 

For the Month Ended March 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $48,972,250 
Realized Gain (Loss) on Swap Contracts   20,729,441 
Unrealized Gain (Loss) on Market Value of Commodity Futures   27,679,300 
Unrealized Gain (Loss) on Fair Value of Swap Contracts   (1,222)
Dividend Income   1,438,176 
Interest Income   4,137,169 
ETF Transaction Fees   32,000 
Total Income (Loss)  $102,987,114 
      
Expenses     
General Partner Management Fees  $519,096 
Professional Fees   247,818 
Brokerage Commissions   110,908 
Directors' Fees and insurance   19,593 
License fees   17,302 
Total Expenses  $914,717 
Net Income (Loss)  $102,072,397 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/24  $1,368,611,762 
Additions (9,100,000 Shares)   694,931,085 
Withdrawals ((9,700,000) Shares)   (743,021,227)
Net Income (Loss)   102,072,397 
      
Net Asset Value End of Month  $1,422,594,017 
Net Asset Value Per Share (18,023,603 Shares)  $78.93 

  

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, 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