EX-99.1 2 tv519572_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP    
Monthly Account Statement    
For the Month Ended March 31, 2019    
     
Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $95,938,990 
Unrealized Gain (Loss) on Market Value of Futures   (27,854,610)
Dividend Income   505,252 
Interest Income   2,729,126 
ETF Transaction Fees   19,000 
Total Income (Loss)  $71,337,758 
      
Expenses     
General Partner Management Fees  $598,810 
Professional Fees   138,014 
Brokerage Commissions   206,808 
Non-interested Directors' Fees and Expenses   16,872 
Prepaid Insurance Expense   11,076 
NYMEX License Fee   19,960 
SEC & FINRA Registration Expense   51,147 
Total Expenses  $1,042,687 
Net Income (Loss)  $70,295,071 
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 3/1/19  $1,619,597,086 
Additions (12,400,000 Shares)   150,861,026 
Withdrawals (23,600,000 Shares)   (287,058,347)
Net Income (Loss)   70,295,071 
      
Net Asset Value End of Month  $1,553,694,836 
Net Asset Value Per Share (124,300,000 Shares)  $12.50 

 

To the Limited Partners of United States 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 March 31, 2019 is accurate and complete.

 

/s/ Stuart P. Crumbaugh

 

Stuart P. Crumbaugh

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Oil Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596