EX-99.1 2 tm2135395d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended November 30, 2021

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $174,837,837 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (630,810,317)
Dividend Income   37,406 
Interest Income   57,156 
ETF Transaction Fees   8,000 
Total Income (Loss)  $(455,869,918)
      
Expenses     
General Partner Management Fees  $971,398 
Professional Fees   508,525 
Brokerage Commissions   66,167 
Directors' Fees and insurance   69,201 
NYMEX License Fee   32,380 
Total Expenses  $1,647,671 
Net Income (Loss)  $(457,517,589)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/21  $2,742,566,130 
Additions (3,400,000 Shares)   178,809,846 
Withdrawals (2,300,000 Shares)   (127,218,006)
Net Income (Loss)   (457,517,589)
      
Net Asset Value End of Month  $2,336,640,381 
Net Asset Value Per Share (49,023,603 Shares)  $47.66 

 

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 November 30, 2021 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