EX-99.1 2 tm243433d13_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended June 30, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $2,490,390 
Unrealized Gain (Loss) on Market Value of Commodity Futures   4,509,600 
Dividend Income   239,002 
Interest Income   283,480 
ETF Transaction Fees   1,050 
Total Income (Loss)  $7,523,522 
      
Expenses     
General Partner Management Fees  $76,594 
Professional Fees   36,315 
Brokerage Commissions   7,027 
Directors' Fees and insurance   3,633 
Total Expenses  $123,569 
Net Income (Loss)  $7,399,953 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 6/1/24  $122,866,104 
Additions (100,000 Shares)   3,195,870 
Withdrawals ((150,000) Shares)   (4,768,367)
Net Income (Loss)   7,399,953 
      
Net Asset Value End of Month  $128,693,560 
Net Asset Value Per Share (4,000,000 Shares)  $32.17 

 

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, 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