EX-99.1 2 tm258856d6_ex99-1.htm EXHIBIT 99.1

 

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended February 28, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(3,483,270)
Unrealized Gain (Loss) on Market Value of Commodity Futures   287,360 
Dividend Income   176,000 
Interest Income   125,760 
ETF Transaction Fees   1,750 
Total Income (Loss)  $(2,892,400)
      
Expenses     
General Partner Management Fees  $54,898 
Professional Fees   31,400 
Brokerage Commissions   6,305 
Directors' Fees and insurance   3,181 
Total Expenses  $95,784 
Net Income (Loss)  $(2,988,184)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/25  $100,725,148 
Additions (100,000 Shares)   3,087,353 
Withdrawals ((350,000) Shares)   (10,722,771)
Net Income (Loss)   (2,988,184)
      
Net Asset Value End of Month  $90,101,546 
Net Asset Value Per Share (3,000,000 Shares)  $30.03 

 

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 February 28, 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