EX-99.1 2 tm256731d6_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended January 31, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $10,122,120 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (6,133,370)
Dividend Income   257,734 
Interest Income   127,184 
ETF Transaction Fees   4,200 
Total Income (Loss)  $4,377,868 
      
Expenses     
General Partner Management Fees  $70,476 
Professional Fees   34,765 
Brokerage Commissions   8,442 
Directors' Fees and insurance   3,764 
Total Expenses  $117,447 
Net Income (Loss)  $4,260,421 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 1/1/25  $114,528,171 
Additions (1,050,000 Shares)   33,634,332 
Withdrawals (1,600,000 Shares)   (51,697,776)
Net Income (Loss)   4,260,421 
      
Net Asset Value End of Month  $100,725,148 
Net Asset Value Per Share (3,250,000 Shares)  $30.99 

 

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 January 31, 2025 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