Exhibit 99.1

United States Brent Oil Fund, LP 

Monthly Account Statement 

For the Month Ended February 28, 2023

Statement of Income (Loss)
Income
Realized Trading Gain (Loss) on Commodity Futures	$	(4,190,960	)
Unrealized Gain (Loss) on Market Value of Commodity Futures		(525,890	)
Dividend Income		391,479
Interest Income		359,107
ETF Transaction Fees		2,450
Total Income (Loss)	$	(3,963,814	)
Expenses
General Partner Management Fees	$	139,469
Professional Fees		3,793
Brokerage Commissions		16,164
Directors' Fees and insurance		6,331
Total Expenses	$	165,757
Net Income (Loss)	$	(4,129,571	)

Statement of Changes in Net Asset Value
Net Asset Value Beginning of Month 2/1/23	$	236,292,166
Additions (850,000 Shares)		23,429,927
Withdrawals (150,000 Shares)		(4,075,456	)
Net Income (Loss)		(4,129,571	)
Net Asset Value End of Month	$	251,517,066
Net Asset Value Per Share (9,100,000 Shares)	$	27.64

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 February 28, 2023 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