EX-99.1 2 tm2431087d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended November 30, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(2,800,080)
Unrealized Gain (Loss) on Market Value of Commodity Futures   1,949,340 
Dividend Income   342,735 
Interest Income   167,532 
ETF Transaction Fees   1,050 
Total Income (Loss)  $(339,423)
      
Expenses     
General Partner Management Fees  $85,260 
Professional Fees   28,243 
Brokerage Commissions   10,565 
Directors' Fees and insurance   3,767 
Total Expenses  $127,835 
Net Income (Loss)  $(467,258)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/24  $134,700,207 
Additions (600,000 Shares)   17,181,166 
Withdrawals ((650,000) Shares)   (19,032,095)
Net Income (Loss)   (467,258)
      
Net Asset Value End of Month  $132,382,020 
Net Asset Value Per Share (4,600,000 Shares)  $28.78 

 

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 November 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