EX-99.1 2 tm2514809d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended April 30, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(45,170,720)
Realized Gain (Loss) on Swap Contracts   (40,247,287)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (88,672,600)
Unrealized gain (loss) on Fair Value of Swap Contracts   (13,489,146)
Dividend Income   1,740,820 
Interest Income   1,490,272 
ETF Transaction Fees   38,000 
Total Income (Loss)  $(184,310,661)
      
Expenses     
General Partner Management Fees  $356,185 
Professional Fees   135,000 
Brokerage Commissions   146,681 
Directors' Fees and insurance   12,853 
License fees   11,873 
Total Expenses  $662,592 
Net Income (Loss)  $(184,973,253)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 4/1/25  $976,448,111 
Additions (14,800,000 Shares)   1,003,561,744 
Withdrawals ((12,000,000) Shares)   (814,028,340)
Net Income (Loss)   (184,973,253)
      
Net Asset Value End of Month  $981,008,262 
Net Asset Value Per Share (15,423,603 Shares)  $63.60 

 

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 April 30, 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