EX-99.1 2 tm2426255d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(88,834,508)
Realized Gain (Loss) on Swap Contracts   (18,380,712)
Unrealized Gain (Loss) on Market Value of Commodity Futures   27,938,118 
Unrealized gain (loss) on Fair Value of Swap Contracts   130 
Dividend Income   2,453,111 
Interest Income   2,847,527 
ETF Transaction Fees   34,000 
Total Income (Loss)  $(73,942,334)
      
Expenses     
General Partner Management Fees  $490,537 
Professional Fees   224,484 
Brokerage Commissions   139,449 
Directors' Fees and insurance   33,806 
License fees   16,351 
Total Expenses  $904,627 
Net Income (Loss)  $(74,846,961)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/24  $1,383,533,370 
Additions (8,700,000 Shares)   606,265,096 
Withdrawals ((8,100,000) Shares)   (572,027,510)
Net Income (Loss)   (74,846,961)
      
Net Asset Value End of Month  $1,342,923,995 
Net Asset Value Per Share (19,223,603 Shares)  $69.86 

 

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 September 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