EX-99.1 2 tm2230449d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(34,914,769)
Realized Gain (Loss) on Swap Contracts   27,351,912 
Unrealized Gain (Loss) on Market Value of Commodity Futures   205,471,059 
Unrealized gain (loss) on Fair Value of Swap Contracts   (193)
Dividend Income   2,289,652 
Interest Income   2,268,125 
ETF Transaction Fees   19,000 
Total Income (Loss)  $202,484,786 
      
Expenses     
General Partner Management Fees  $785,745 
Professional Fees   168,225 
Brokerage Commissions   51,505 
Directors' Fees and insurance   69,312 
NYMEX License Fee   26,192 
Total Expenses  $1,100,979 
Net Income (Loss)  $201,383,807 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 10/1/22  $1,949,443,578 
Additions (3,400,000 Shares)   238,893,239 
Withdrawals (3,400,000 Shares)   (242,572,266)
Net Income (Loss)   201,383,807 
      
Net Asset Value End of Month  $2,147,148,358 
Net Asset Value Per Share (29,923,603 Shares)  $71.75 

 

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 October 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