EX-99.1 2 tm2414449d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended April 30, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $70,333,910 
Realized Gain (Loss) on Swap Contracts   (1,902,729)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (78,863,010)
Unrealized gain (loss) on Fair Value of Swap Contracts   (126)
Dividend Income   1,387,451 
Interest Income   4,030,604 
ETF Transaction Fees   39,000 
Total Income (Loss)  $(4,974,900)
      
Expenses     
General Partner Management Fees  $510,204 
Professional Fees   239,823 
Brokerage Commissions   122,618 
Directors' Fees and insurance   33,610 
License fees   17,008 
Total Expenses  $923,263 
Net Income (Loss)  $(5,898,163)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 4/1/24  $1,422,594,017 
Additions (11,400,000 Shares)   912,749,364 
Withdrawals ((12,500,000) Shares)   (997,170,520)
Net Income (Loss)   (5,898,163)
      
Net Asset Value End of Month  $1,332,274,698 
Net Asset Value Per Share (16,923,603 Shares)  $78.72 

 

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 April 30, 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