EX-99.1 2 tv489041_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

   
United States Brent Oil Fund, LP  
Monthly Account Statement  
For the Month Ended February 28, 2018  

     
Statement of Income (Loss) 
     
Income     
Realized Trading Gain (Loss) on Futures  $(5,732,480)
Unrealized Gain (Loss) on Market Value of Futures   185,400 
Dividend Income   20,290 
Interest Income   76,311 
Total Income (Loss)  $(5,450,479)
      
Expenses     
General Partner Management Fees  $54,436 
Professional Fees   24,946 
Brokerage Commissions   8,758 
Non-interested Directors' Fees and Expenses   812 
Prepaid Insurance Expense   424 
Total Expenses   89,376 
Expense Waiver   (24,054)
Net Expenses  $65,322 
Net Income (Loss)  $(5,515,801)

     
Statement of Changes in Net Asset Value 
     
Net Asset Value Beginning of Month 2/1/18  $98,927,179 
Net Income (Loss)   (5,515,801)
      
Net Asset Value End of Month  $93,411,378 
Net Asset Value Per Share (5,250,000 Shares)  $17.79 

   
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 28, 2018 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  
1999 Harrison Street, Suite 1530  
Oakland, CA 94612