EX-99.1 2 tm2411856d6_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended March 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $6,401,290 
Unrealized Gain (Loss) on Market Value of Commodity Futures   2,543,710 
Dividend Income   253,298 
Interest Income   306,962 
ETF Transaction Fees   1,050 
Total Income (Loss)  $9,506,310 
      
Expenses     
General Partner Management Fees  $83,355 
Professional Fees   37,526 
Brokerage Commissions   7,206 
Directors' Fees and insurance   1,998 
Total Expenses  $130,085 
Net Income (Loss)  $9,376,225 
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/24  $127,930,664 
Additions (50,000 Shares)   1,566,250 
Withdrawals ((150,000) Shares)   (4,654,692)
Net Income (Loss)   9,376,225 
      
Net Asset Value End of Month  $134,218,447 
Net Asset Value Per Share (4,200,000 Shares)  $31.96 
      

 

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 March 31, 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