EX-99.1 2 tm2135395d6_ex99-1.htm EXHIBIT 99.1

  

Exhibit 99.1

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended November 30, 2021

  

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(11,081,700)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (33,797,840)
Dividend Income   3,799 
Interest Income   4,995 
ETF Transaction Fees   1,400 
Total Income (Loss)  $(44,869,346)
      
Expenses     
General Partner Management Fees  $163,698 
Professional Fees   24,688 
Brokerage Commissions   18,031 
Directors' Fees and insurance   7,097 
SEC & FINRA Registration Expense   21,300 
Total Expenses  $234,814 
Net Income (Loss)  $(45,104,160)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/21  $254,704,912 
Additions (1,100,000 Shares)   23,653,281 
Net Income (Loss)   (45,104,160)
      
Net Asset Value End of Month  $233,254,033 
Net Asset Value Per Share (12,550,000 Shares)  $18.59 

  

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 November 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