EX-99.1 2 tv489026_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended February 28, 2018

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(52,114,810)
Unrealized Gain (Loss) on Market Value of Futures   (29,251,960)
Dividend Income   73,336 
Interest Income   1,931,940 
ETF Transaction Fees   34,000 
Total Income (Loss)  $(79,327,494)
      
Expenses     
General Partner Management Fees  $680,345 
Professional Fees   158,258 
Brokerage Commissions   239,886 
Non-interested Directors' Fees and Expenses   16,808 
Prepaid Insurance Expense   11,135 
NYMEX License Fee   22,678 
SEC & FINRA Registration Expense   26,729 
Total Expenses  $1,155,839 
Net Income (Loss)  $(80,483,333)
     
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 2/1/18  $2,088,661,803 
Additions (26,300,000 Shares)   322,735,125 
Withdrawals (31,700,000 Shares)   (400,400,612)
Net Income (Loss)   (80,483,333)
      
Net Asset Value End of Month  $1,930,512,983 
Net Asset Value Per Share (155,700,000 Shares)  $12.40 

 

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, 2018 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

1999 Harrison Street, Suite 1530

Oakland, CA 94612