EX-99.1 2 tm2315506d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended April 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $30,953,050 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (26,605,380)
Dividend Income   374,738 
Interest Income   437,419 
ETF Transaction Fees   3,150 
Total Income (Loss)  $5,162,977 
      
Expenses     
General Partner Management Fees  $136,668 
Professional Fees   4,065 
Brokerage Commissions   14,279 
Directors' Fees and insurance   6,667 
Total Expenses  $161,679 
Net Income (Loss)  $5,001,298 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 4/1/23  $240,986,390 
Withdrawals (1,450,000 Shares)   (41,052,766)
Net Income (Loss)   5,001,298 
      
Net Asset Value End of Month  $204,934,922 
Net Asset Value Per Share (7,600,000 Shares)  $26.97 

 

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, 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