EX-99.1 2 tm2318578d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended May 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(30,706,198)
Realized Gain (Loss) on Swap Contracts   (28,446,865)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (96,260,942)
Unrealized gain (loss) on Fair Value of Swap Contracts   200 
Dividend Income   1,838,320 
Interest Income   4,533,368 
ETF Transaction Fees   34,000 
Total Income (Loss)  $(149,008,117)
      
Expenses     
General Partner Management Fees  $618,098 
Professional Fees   178,068 
Brokerage Commissions   70,029 
Directors' Fees and insurance   66,040 
License fees   20,603 
Total Expenses  $952,838 
Net Income (Loss)  $(149,960,955)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 5/1/23  $1,534,318,507 
Additions (10,000,000 Shares)   627,802,313 
Withdrawals (6,000,000 Shares)   (385,077,020)
Net Income (Loss)   (149,960,955)
      
Net Asset Value End of Month  $1,627,082,845 
Net Asset Value Per Share (26,723,603 Shares)  $60.89 

 

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 May 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 Oil Fund, LP  

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596