EX-99.1 2 tm223088d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended December 31, 2021

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(20,457,240)
Unrealized Gain (Loss) on Market Value of Commodity Futures   48,139,100 
Dividend Income   3,256 
Interest Income   4,036 
ETF Transaction Fees   1,400 
Total Income (Loss)  $27,690,552 
      
Expenses     
General Partner Management Fees  $145,083 
Professional Fees   25,512 
Brokerage Commissions   16,292 
Directors' Fees and insurance   7,247 
SEC & FINRA Registration Expense   22,010 
Total Expenses  $216,144 
Net Income (Loss)  $27,474,408 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 12/1/21  $233,254,033 
Withdrawals (1,700,000 Shares)   (34,315,980)
Net Income (Loss)   27,474,408 
      
Net Asset Value End of Month  $226,412,461 
Net Asset Value Per Share (10,850,000 Shares)  $20.87 

 

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 December 31, 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