EX-99.1 2 tm226731d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended January 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $41,682,070 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (7,071,600)
Dividend Income   3,397 
Interest Income   4,793 
ETF Transaction Fees   700 
Total Income (Loss)  $34,619,360 
      
Expenses     
General Partner Management Fees  $152,060 
Professional Fees   25,512 
Brokerage Commissions   15,260 
Directors' Fees and insurance   7,273 
SEC & FINRA Registration Expense   22,010 
Total Expenses   222,115 
Net Income (Loss)  $34,397,245 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 1/1/22  $226,412,461 
Withdrawals (750,000 Shares)   (16,962,600)
Net Income (Loss)   34,397,245 
      
Net Asset Value End of Month  $243,847,106 
Net Asset Value Per Share (10,100,000 Shares)  $24.14 

 

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 January 31, 2022 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