EX-99.1 2 tm2528713d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $2,970,860 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (4,505,050)
Dividend Income   254,722 
Interest Income   92,077 
ETF Transaction Fees   2,800 
Total Income (Loss)  $(1,184,591)
      
Expenses     
General Partner Management Fees  $64,588 
Professional Fees   27,056 
Brokerage Commissions   8,010 
Directors' Fees and insurance   1,418 
Total Expenses  $101,072 
Net Income (Loss)  $(1,285,663)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/25  $110,751,031 
Additions (250,000 Shares)   7,596,662 
Withdrawals ((500,000) Shares)   (15,080,945)
Net Income (Loss)   (1,285,663)
      
Net Asset Value End of Month  $101,981,085 
Net Asset Value Per Share (3,400,000 Shares)  $29.99 

 

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, 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 Brent Oil Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596