EX-99.1 2 tm2315506d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended April 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $29,584,211 
Realized Gain (Loss) on Swap Contracts   3,461,664 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (68,031)
Unrealized gain (loss) on Fair Value of Swap Contracts   (25)
Dividend Income   813,773 
Interest Income   4,705,737 
ETF Transaction Fees   25,000 
Total Income (Loss)  $38,522,329 
      
Expenses     
General Partner Management Fees  $569,946 
Professional Fees   172,323 
Brokerage Commissions   54,816 
Directors' Fees and insurance   63,306 
License fees   18,999 
Total Expenses  $879,390 
Net Income (Loss)  $37,642,939 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 4/1/23  $1,630,200,959 
Additions (4,500,000 Shares)   308,726,865 
Withdrawals (6,300,000 Shares)   (442,252,256)
Net Income (Loss)   37,642,939 
      
Net Asset Value End of Month  $1,534,318,507 
Net Asset Value Per Share (22,723,603 Shares)  $67.52 

 

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 April 30, 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