EX-99.1 2 tm253437d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended December 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $2,015,590 
Unrealized Gain (Loss) on Market Value of Commodity Futures   3,352,160 
Dividend Income   303,041 
Interest Income   142,854 
ETF Transaction Fees   1,050 
Total Income (Loss)  $5,814,695 
      
Expenses     
General Partner Management Fees  $77,477 
Professional Fees   34,765 
Brokerage Commissions   8,548 
Directors' Fees and insurance   3,792 
Total Expenses  $124,582 
Net Income (Loss)  $5,690,113 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 12/1/24  $132,382,020 
Withdrawals ((800,000) Shares)   (23,543,962)
Net Income (Loss)   5,690,113 
      
Net Asset Value End of Month  $114,528,171 
Net Asset Value Per Share (3,800,000 Shares)  $30.14 

 

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 December 31, 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