EX-99.1 2 tm253437d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP 

Monthly Account Statement 

For the Month Ended December 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $2,625,969 
Realized Gain (Loss) on Swap Contracts   16,535,515 
Unrealized Gain (Loss) on Market Value of Commodity Futures   47,646,740 
Unrealized gain (loss) on Fair Value of Swap Contracts   (117)
Dividend Income   2,767,097 
Interest Income   1,362,165 
ETF Transaction Fees   28,000 
Total Income (Loss)  $70,965,369 
      
Expenses     
General Partner Management Fees  $436,916 
Professional Fees   187,628 
Brokerage Commissions   117,315 
Directors' Fees and insurance   34,571 
License fees   14,564 
Total Expenses  $790,994 
Net Income (Loss)  $70,174,375 
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 12/1/24  $1,201,164,722 
Additions (4,700,000 Shares)   342,138,239 
Withdrawals ((7,200,000) Shares)   (525,253,849)
Net Income (Loss)   70,174,375 
      
Net Asset Value End of Month  $1,088,223,487 
Net Asset Value Per Share (14,423,603 Shares)  $75.45 

 

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 December 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