EX-99.1 2 tm2130058d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2021

 

Statement of Income (Loss)    
Income    
Realized Trading Gain (Loss) on Commodity Futures  $29,500,050 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (4,590,700)
Dividend Income   3,631 
Interest Income   4,624 
ETF Transaction Fees   2,450 
Total Income (Loss)  $24,920,055 
      
Expenses     
General Partner Management Fees  $155,326 
Professional Fees   20,939 
Brokerage Commissions   18,115 
Directors' Fees and insurance   7,126 
SEC & FINRA Registration Expense   21,300 
Total Expenses  $222,806 
Net Income (Loss)  $24,697,249 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/21  $261,051,000 
Withdrawals (2,050,000 Shares)   (39,940,906)
Net Income (Loss)   24,697,249 
      
Net Asset Value End of Month  $245,807,343 
Net Asset Value Per Share (11,900,000 Shares)  $20.66 

 

To the Limited Partners of United States Brent 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, 2021 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  
Stuart P. Crumbaugh  
Chief Financial Officer  

United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596