EX-99.1 2 tm2328418d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2023

  

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $101,972,523 
Realized Gain (Loss) on Swap Contracts   21,881,156 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (18,977,873)
Unrealized gain (loss) on Fair Value of Swap Contracts   18 
Dividend Income   984,405 
Interest Income   4,785,009 
ETF Transaction Fees   38,000 
Total Income (Loss)  $110,683,238 
      
Expenses     
General Partner Management Fees  $544,764 
Professional Fees   184,073 
Brokerage Commissions   55,770 
Directors' Fees and insurance   53,236 
License fees   18,159 
Total Expenses  $856,002 
Net Income (Loss)  $109,827,236 

  

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/23  $1,496,812,802 
Additions (8,100,000 Shares)   647,813,564 
Withdrawals (9,100,000 Shares)   (726,412,732)
Net Income (Loss)   109,827,236 
      
Net Asset Value End of Month  $1,528,040,870 
Net Asset Value Per Share (18,923,603 Shares)  $80.75 

 

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 September 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