EX-99.1 2 tm2414449d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended April 30, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $3,487,870 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (3,487,990)
Dividend Income   238,878 
Interest Income   319,639 
ETF Transaction Fees   700 
Total Income (Loss)  $559,097 
      
Expenses     
General Partner Management Fees  $82,591 
Professional Fees   36,315 
Brokerage Commissions   6,937 
Directors' Fees and insurance   3,581 
Total Expenses  $129,424 
Net Income (Loss)  $429,673 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 4/1/24  $134,218,446 
Additions (100,000 Shares)   3,312,330 
Withdrawals ((150,000) Shares)   (4,816,984)
Net Income (Loss)   429,673 
      
Net Asset Value End of Month  $133,143,465 
Net Asset Value Per Share (4,150,000 Shares)  $32.08 

 

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, 2024 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