EX-99.1 2 tv525704_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended June 30, 2019  

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(192,329,550)
Unrealized Gain (Loss) on Market Value of Futures   321,546,480 
Dividend Income   185,971 
Interest Income   2,601,294 
ETF Transaction Fees   29,000 
Total Income (Loss)  $132,033,195 
      
Expenses     
General Partner Management Fees  $526,981 
Professional Fees   133,562 
Brokerage Commissions   212,595 
Non-interested Directors' Fees and Expenses   16,552 
Prepaid Insurance Expense   13,090 
NYMEX License Fee   17,566 
SEC & FINRA Registration Expense   49,497 
Total Expenses  $969,843 
Net Income (Loss)  $131,063,352 

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 6/1/19  $1,328,681,158 
Additions (29,200,000 Shares)   329,845,158 
Withdrawals (28,100,000 Shares)   (327,556,559)
Net Income (Loss)   131,063,352 
      
Net Asset Value End of Month  $1,462,033,109 
Net Asset Value Per Share (120,500,000 Shares)  $12.13 

 

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 June 30, 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