EX-99.1 2 tm2426255d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP 

Monthly Account Statement 

For the Month Ended September 30, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(8,617,440)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (3,928,120)
Dividend Income   367,119 
Interest Income   493,894 
ETF Transaction Fees   1,750 
Total Income (Loss)  $(11,682,797)
      
Expenses     
General Partner Management Fees  $129,413 
Professional Fees   31,767 
Brokerage Commissions   14,257 
Directors' Fees and insurance   4,327 
Total Expenses  $179,764 
Net Income (Loss)  $(11,862,561)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/24  $215,593,798 
Additions (500,000 Shares)   14,021,227 
Withdrawals ((50,000) Shares)   (1,415,205)
Net Income (Loss)   (11,862,561)
      
Net Asset Value End of Month  $216,337,259 
Net Asset Value Per Share (7,650,000 Shares)  $28.28 

 

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 September 30, 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 Brent Oil Fund, LP

 

United States Commodity Funds LLC 

1850 Mt. Diablo Boulevard, Suite 640 

Walnut Creek, CA 94596