EX-99.1 2 tm243433d8_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended June 30, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(843,980)
Realized Gain (Loss) on Swap Contracts   18,733,709 
Unrealized Gain (Loss) on Market Value of Commodity Futures   68,567,340 
Unrealized gain (loss) on Fair Value of Swap Contracts   (132)
Dividend Income   1,402,906 
Interest Income   3,885,199 
ETF Transaction Fees   28,000 
Total Income (Loss)  $91,773,042 
      
Expenses     
General Partner Management Fees  $472,661 
Professional Fees   239,824 
Brokerage Commissions   108,169 
Directors' Fees and insurance   34,136 
License fees   15,756 
Total Expenses  $870,546 
Net Income (Loss)  $90,902,496 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 6/1/24  $1,262,988,308 
Additions (6,000,000 Shares)   449,576,097 
Withdrawals ((7,100,000) Shares)   (543,486,715)
Net Income (Loss)   90,902,496 
      
Net Asset Value End of Month  $1,259,980,186 
Net Asset Value Per Share (15,823,603 Shares)  $79.63 

 

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 June 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