EX-99.1 2 tm2517979d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended May 31, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(3,786,120)
Realized Gain (Loss) on Swap Contracts   7,391,840 
Unrealized Gain (Loss) on Market Value of Commodity Futures   45,651,820 
Unrealized gain (loss) on Fair Value of Swap Contracts   5,243,915 
Dividend Income   1,400,280 
Interest Income   1,852,416 
ETF Transaction Fees   28,000 
Total Income (Loss)  $57,782,151 
      
Expenses     
General Partner Management Fees  $369,543 
Professional Fees   188,066 
Brokerage Commissions   151,697 
Directors' Fees and insurance   13,583 
License fees   12,318 
Total Expenses  $735,207 
Net Income (Loss)  $57,046,944 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 5/1/25  $981,008,262 
Additions (10,000,000 Shares)   661,823,258 
Withdrawals ((11,900,000) Shares)   (792,851,701)
Net Income (Loss)   57,046,944 
      
Net Asset Value End of Month  $907,026,763 
Net Asset Value Per Share (13,523,603 Shares)  $67.07 

 

 

 

 

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 May 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