EX-99.1 2 tm2212762d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended March 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $50,302,510 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (24,251,690)
Dividend Income   22,428 
Interest Income   4,443 
ETF Transaction Fees   3,150 
Total Income (Loss)  $26,080,841 
      
Expenses     
General Partner Management Fees  $200,592 
Professional Fees   28,711 
Brokerage Commissions   16,595 
Directors' Fees and insurance   7,180 
SEC & FINRA Registration Expense   22,010 
Total Expenses  $275,088 
Net Income (Loss)  $25,805,753 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/22  $269,707,854 
Additions (900,000 Shares)   28,848,021 
Withdrawals (1,500,000 Shares)   (45,399,484)
Net Income (Loss)   25,805,753 
      
Net Asset Value End of Month  $278,962,144 
Net Asset Value Per Share (9,350,000 Shares)  $29.84 

 

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 March 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