EX-99.1 2 tm2221181d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended June 30, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $13,305,780 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (22,636,960)
Dividend Income   135,579 
Interest Income   46,491 
ETF Transaction Fees   3,500 
Total Income (Loss)  $(9,145,610)
      
Expenses     
General Partner Management Fees  $192,208 
Professional Fees   33,689 
Brokerage Commissions   15,490 
Directors' Fees and insurance   6,699 
SEC & FINRA Registration Expense   21,300 
Total Expenses  $269,386 
Net Income (Loss)  $(9,414,996)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 6/1/22  $307,438,709 
Additions (550,000 Shares)   18,449,898 
Withdrawals (1,400,000 Shares)   (46,900,687)
Net Income (Loss)   (9,414,996)
      
Net Asset Value End of Month  $269,572,924 
Net Asset Value Per Share (8,250,000 Shares)  $32.68 

 

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 June 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