EX-99.1 2 tm2325951d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended August 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $10,524,500 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (7,158,140)
Dividend Income   520,000 
Interest Income   198,561 
ETF Transaction Fees   2,450 
Total Income (Loss)  $4,087,371 
      
Expenses     
General Partner Management Fees  $106,530 
Professional Fees   9,626 
Brokerage Commissions   9,715 
Directors' Fees and insurance   6,591 
Total Expenses  $132,462 
Net Income (Loss)  $3,954,909 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 8/1/23  $172,678,419 
Additions (50,000 Shares)   1,465,508 
Withdrawals (500,000 Shares)   (14,517,507)
Net Income (Loss)   3,954,909 
      
Net Asset Value End of Month  $163,581,329 
Net Asset Value Per Share (5,500,000 Shares)  $29.74 

 

To the Limited Partners of United States Brent 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 August 31, 2023 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  
Stuart P. Crumbaugh  
Chief Financial Officer  
United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP
   
United States Commodity Funds LLC  
1850 Mt. Diablo Boulevard, Suite 640  
Walnut Creek, CA 94596