Exhibit 99.1

United States Brent Oil Fund, LP 

Monthly Account Statement 

For the Month Ended December 31, 2023

Statement of Income (Loss)
Income
Realized Trading Gain (Loss) on Commodity Futures	$	(4,996,670	)
Unrealized Gain (Loss) on Market Value of Commodity Futures		(1,589,950	)
Dividend Income		368,631
Interest Income		220,050
ETF Transaction Fees		2,100
Total Income (Loss)	$	(5,995,839	)
Expenses
General Partner Management Fees	$	88,367
Professional Fees		27,526
Brokerage Commissions		9,322
Directors' Fees and insurance		6,794
Total Expenses	$	132,009
Net Income (Loss)	$	(6,127,848	)

Statement of Changes in Net Asset Value
Net Asset Value Beginning of Month 12/1/23	$	145,027,024
Additions (350,000 Shares)		9,304,848
Withdrawals (650,000 Shares)		(18,121,647	)
Net Income (Loss)		(6,127,848	)
Net Asset Value End of Month	$	130,082,377
Net Asset Value Per Share (4,750,000 Shares)	$	27.39

To the Limited Partners of United States Brent 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 December 31, 2023 is accurate and complete.

/s/ Stuart P. Crumbaugh 

Stuart P. Crumbaugh 

Chief Financial Officer 

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

United States Commodity Funds LLC 

1850 Mt. Diablo Boulevard, Suite 640 

Walnut Creek, CA 94596