EX-99.1 2 tv523781_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP  
Monthly Account Statement  
For the Month Ended May 31, 2019  

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(58,342,900)
Unrealized Gain (Loss) on Market Value of Futures   (197,538,000)
Dividend Income   365,920 
Interest Income   2,712,655 
ETF Transaction Fees   19,000 
Total Income (Loss)  $(252,783,325)
      
Expenses     
General Partner Management Fees  $573,002 
Professional Fees   138,013 
Brokerage Commissions   178,359 
Non-interested Directors' Fees and Expenses   15,464 
Prepaid Insurance Expense   9,599 
NYMEX License Fee   19,100 
SEC & FINRA Registration Expense   51,147 
Total Expenses  $984,684 
Net Income (Loss)  $(253,768,009)
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 5/1/19  $1,567,987,415 
Additions (16,000,000 Shares)   201,178,811 
Withdrawals (14,500,000 Shares)   (186,717,059)
Net Income (Loss)   (253,768,009)
      
Net Asset Value End of Month  $1,328,681,158 
Net Asset Value Per Share (119,400,000 Shares)  $11.13 

 

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 May 31, 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