EX-99.1 2 tm248771d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended February 29, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $7,162,930 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (3,972,950)
Dividend Income   298,002 
Interest Income   217,338 
ETF Transaction Fees   1,750 
Total Income (Loss)  $3,707,070 
      
Expenses     
General Partner Management Fees  $78,130 
Professional Fees   35,104 
Brokerage Commissions   7,860 
Directors' Fees and insurance   6,046 
Total Expenses  $127,140 
Net Income (Loss)  $3,579,930 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/24  $138,672,494 
Withdrawals (500,000 Shares)   (14,321,760)
Net Income (Loss)   3,579,930 
      
Net Asset Value End of Month  $127,930,664 
Net Asset Value Per Share (4,300,000 Shares)  $29.75 

 

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 February 29, 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 Brent Oil Fund, LP  

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596