EX-99.1 2 tm2223328d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended July 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(4,841,715)
Realized Gain (Loss) on Swap Contracts   (7,690,506)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (44,283,714)
Unrealized gain (loss) on Fair Value of Swap Contracts   (922)
Dividend Income   1,556,407 
Interest Income   1,087,915 
ETF Transaction Fees   25,000 
Total Income (Loss)  $(54,147,535)
      
Expenses     
General Partner Management Fees  $937,771 
Professional Fees   77,726 
Brokerage Commissions   69,876 
Directors' Fees and insurance   69,896 
NYMEX License Fee   31,259 
Total Expenses  $1,186,528 
Net Income (Loss)  $(55,334,063)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 7/1/22  $2,648,854,954 
Additions (3,500,000 Shares)   260,123,347 
Withdrawals (8,000,000 Shares)   (615,714,648)
Net Income (Loss)   (55,334,063)
      
Net Asset Value End of Month  $2,237,929,590 
Net Asset Value Per Share (28,523,603 Shares)  $78.46 

  

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 July 31, 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