EX-99.1 2 v353745_ex99-1.htm EXHIBIT 99.1

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended July 31, 2013

 

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $74,985,550 
Unrealized Gain (Loss) on Market Value of Futures   (5,616,570)
Dividend Income   10,199 
Interest Income   13,002 
ETF Transaction Fees   32,000 
Total Income (Loss)  $69,424,181 
      
Expenses     
General Partner Management Fees  $296,623 
Tax Reporting Fees   88,815 
Brokerage Commissions   70,503 
SEC & FINRA Registration Expense   38,909 
Audit Fees   13,589 
NYMEX License Fee   9,888 
Non-interested Directors' Fees and Expenses   8,578 
Prepaid Insurance Expense   7,179 
Legal Fees   816 
Total Expenses  $534,900 
Net Income (Loss)  $68,889,281 

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 7/1/13  $817,370,422 
Additions (13,500,000 Units)   502,737,959 
Withdrawals (17,200,000 Units)   (634,865,846)
Net Income (Loss)   68,889,281 
      
Net Asset Value End of Month  $754,131,816 
Net Asset Value Per Unit (20,200,000 Units)  $37.33 

 

 

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 July 31, 2013 is accurate and complete.

 

 

/s/ Howard Mah

 

Howard Mah

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Oil Fund, LP

 

United States Commodity Funds LLC

1999 Harrison Street, Suite 1530

Oakland, CA 94612