EX-99.1 2 tm1920478d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States Oil Fund, LP    
Monthly Account Statement    
For the Month Ended September 30, 2019    
     
Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $95,279,504 
Realized Trading Gain (Loss) on Short-Term Investments   181 
Unrealized Gain (Loss) on Market Value of Futures   (115,085,080)
Dividend Income   61,383 
Interest Income   2,341,946 
ETF Transaction Fees   29,000 
Total Income (Loss)  $(17,373,066)
      
Expenses     
General Partner Management Fees  $510,712 
Professional Fees   103,562 
Brokerage Commissions   197,852 
Non-interested Directors' Fees and Expenses   15,896 
Prepaid Insurance Expense   13,090 
NYMEX License Fee   17,024 
SEC & FINRA Registration Expense   49,497 
Total Expenses  $907,633 
Net Income (Loss)  $(18,280,699)
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 9/1/19  $1,297,459,634 
Additions (37,400,000 Shares)   441,586,657 
Withdrawals (27,900,000 Shares)   (336,773,975)
Net Income (Loss)   (18,280,699)
      
Net Asset Value End of Month  $1,383,991,617 
Net Asset Value Per Share (122,700,000 Shares)  $11.28 

 

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 September 30, 2019 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