EX-99.1 2 tm2421763d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended July 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $59,567,890 
Realized Gain (Loss) on Swap Contracts   (10,447,099)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (86,144,690)
Unrealized gain (loss) on Fair Value of Swap Contracts   73 
Dividend Income   1,426,816 
Interest Income   3,857,607 
ETF Transaction Fees   26,000 
Total Income (Loss)  $(31,713,403)
      
Expenses     
General Partner Management Fees  $471,873 
Professional Fees   248,442 
Brokerage Commissions   95,300 
Directors' Fees and insurance   35,282 
License fees   15,729 
Total Expenses  $866,626 
Net Income (Loss)  $(32,580,029)
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 7/1/24  $1,259,980,186 
Additions (5,400,000 Shares)   423,113,623 
Withdrawals ((5,000,000) Shares)   (396,822,853)
Net Income (Loss)   (32,580,029)
      
Net Asset Value End of Month  $1,253,690,927 
Net Asset Value Per Share (16,223,603 Shares)  $77.28 

 

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 July 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 Oil Fund, LP  

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596