EX-99.1 2 tm223088d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended December 31, 2021

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $612,980 
Unrealized Gain (Loss) on Market Value of Commodity Futures   322,075,390 
Dividend Income   33,715 
Interest Income   45,986 
ETF Transaction Fees   14,000 
Total Income (Loss)  $322,782,071 
      
Expenses     
General Partner Management Fees  $938,444 
Professional Fees   525,475 
Brokerage Commissions   84,257 
Directors' Fees and insurance   72,042 
NYMEX License Fee   31,281 
Total Expenses  $1,651,499 
Net Income (Loss)  $321,130,572 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 12/1/21  $2,336,640,381 
Additions (3,900,000 Shares)   189,379,498 
Withdrawals (9,100,000 Shares)   (472,991,185)
Net Income (Loss)   321,130,572 
      
Net Asset Value End of Month  $2,374,159,266 
Net Asset Value Per Share (43,823,603 Shares)  $54.18 

 

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 December 31, 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