EX-99.1 2 tm2215526d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended April 30, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $3,472,190 
Unrealized Gain (Loss) on Market Value of Commodity Futures   6,286,790 
Dividend Income   41,538 
Interest Income   4,924 
ETF Transaction Fees   4,200 
Total Income (Loss)  $9,809,642 
      
Expenses     
General Partner Management Fees  $186,464 
Professional Fees   33,689 
Brokerage Commissions   17,254 
Directors' Fees and insurance   6,696 
SEC & FINRA Registration Expense   21,300 
Total Expenses  $265,403 
Net Income (Loss)  $9,544,239 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 4/1/22  $278,962,144 
Additions (2,700,000 Shares)   81,282,695 
Withdrawals (850,000 Shares)   (26,015,742)
Net Income (Loss)   9,544,239 
      
Net Asset Value End of Month  $343,773,336 
Net Asset Value Per Share (11,200,000 Shares)  $30.69 

  

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 April 30, 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