EX-99.1 2 tm2328418d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $18,883,620 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (6,795,360)
Dividend Income   507,699 
Interest Income   195,225 
ETF Transaction Fees   1,750 
Total Income (Loss)  $12,792,934 
      
Expenses     
General Partner Management Fees  $105,321 
Professional Fees   17,315 
Brokerage Commissions   9,417 
Directors' Fees and insurance   6,622 
Total Expenses  $138,675 
Net Income (Loss)  $12,654,259 
      

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/23  $163,581,329 
Additions (150,000 Shares)   4,661,815 
Withdrawals (350,000 Shares)   (10,971,391)
Net Income (Loss)   12,654,259 
      
Net Asset Value End of Month  $169,926,012 
Net Asset Value Per Share (5,300,000 Shares)  $32.06 

 

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 September 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