EX-99.1 2 tm229966d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended February 28, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $137,006,855 
Realized Gain (Loss) on Swap Contracts   12,416,881 
Unrealized Gain (Loss) on Market Value of Commodity Futures   58,584,305 
Dividend Income   32,003 
Interest Income   61,172 
ETF Transaction Fees   9,000 
Total Income (Loss)  $208,110,216 
      
Expenses     
General Partner Management Fees  $905,825 
Professional Fees   166,623 
Brokerage Commissions   58,486 
Directors' Fees and insurance   65,319 
NYMEX License Fee   30,194 
Total Expenses  $1,226,447 
Net Income (Loss)  $206,883,769 
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/22  $2,514,353,447 
Additions (3,200,000 Shares)   208,810,743 
Withdrawals (2,400,000 Shares)   (157,831,896)
Net Income (Loss)   206,883,769 
      
Net Asset Value End of Month  $2,772,216,063 
Net Asset Value Per Share (41,123,603 Shares)  $67.41 

 

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 February 28, 2022 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