EX-99.1 2 tm236869d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended January 31, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(20,693,805)
Realized Gain (Loss) on Swap Contracts   (4,683,822)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (160,375)
Unrealized gain (loss) on Fair Value of Swap Contracts   (2,040)
Dividend Income   2,672,698 
Interest Income   3,304,966 
ETF Transaction Fees   20,000 
Total Income (Loss)  $(19,542,378)
      
Expenses     
General Partner Management Fees  $703,685 
Professional Fees   177,678 
Brokerage Commissions   56,692 
Directors' Fees and insurance   68,665 
License fees   23,456 
Total Expenses  $1,030,176 
Net Income (Loss)  $(20,572,554)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 1/1/23  $1,977,015,338 
Additions (2,100,000 Shares)   138,726,521 
Withdrawals (5,900,000 Shares)   (406,722,290)
Net Income (Loss)   (20,572,554)
      
Net Asset Value End of Month  $1,688,447,015 
Net Asset Value Per Share (24,423,603 Shares)  $69.13 

 

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 January 31, 2023 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