EX-99.1 2 tm2428595d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $80,857,818 
Realized Gain (Loss) on Swap Contracts   6,611,640 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (54,314,548)
Unrealized gain (loss) on Fair Value of Swap Contracts   (48)
Dividend Income   2,959,826 
Interest Income   2,414,391 
ETF Transaction Fees   34,000 
Total Income (Loss)  $38,563,079 
      
Expenses     
General Partner Management Fees  $531,405 
Professional Fees   181,428 
Brokerage Commissions   165,958 
Directors' Fees and insurance   35,488 
License fees   17,713 
Total Expenses  $931,992 
Net Income (Loss)  $37,631,087 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 10/1/24  $1,342,923,995 
Additions (10,200,000 Shares)   761,292,149 
Withdrawals ((12,400,000) Shares)   (919,899,544)
Net Income (Loss)   37,631,087 
      
Net Asset Value End of Month  $1,221,947,687 
Net Asset Value Per Share (17,023,603 Shares)  $71.78 

 

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 October 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