EX-99.1 2 tm256731d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended January 31, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $82,991,140 
Realized Gain (Loss) on Swap Contracts   12,504,471 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (59,415,050)
Unrealized gain (loss) on Fair Value of Swap Contracts   (5,771,533)
Dividend Income   2,150,002 
Interest Income   1,416,290 
ETF Transaction Fees   32,000 
Total Income (Loss)  $33,907,320 
      
Expenses     
General Partner Management Fees  $401,067 
Professional Fees   187,628 
Brokerage Commissions   136,805 
Directors' Fees and insurance   34,376 
License fees   13,369 
Total Expenses  $773,245 
Net Income (Loss)  $33,134,075 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 1/1/25  $1,088,223,487 
Additions (11,300,000 Shares)   907,424,164 
Withdrawals (11,400,000 Shares)   (920,226,239)
Net Income (Loss)   33,134,075 
      
Net Asset Value End of Month  $1,108,555,487 
Net Asset Value Per Share (14,323,603 Shares)  $77.39 

 

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 January 31, 2025 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