EX-99.1 2 tv529232_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended August 31, 2019

Statement of Income (Loss)
Income
Realized Trading Gain (Loss) on Futures		$	(128,103,590	)
Realized Trading Gain (Loss) on Short-Term Investments			7,486
Unrealized Gain (Loss) on Market Value of Futures			55,290,080
Dividend Income			51,137
Interest Income			2,499,188
ETF Transaction Fees			30,000
Total Income (Loss)		$	(70,225,699	)
Expenses
General Partner Management Fees		$	510,107
Professional Fees			107,015
Brokerage Commissions			204,202
Non-interested Directors' Fees and Expenses			17,077
Prepaid Insurance Expense			13,526
NYMEX License Fee			17,004
SEC & FINRA Registration Expense			51,147
Total Expenses		$	920,078
Net Income (Loss)		$	(71,145,777	)
Statement of Changes in Net Asset Value
Net Asset Value Beginning of Month 8/1/19		$	1,357,463,635
Additions (33,900,000 Shares)			382,346,987
Withdrawals (32,400,000 Shares)			(371,205,211	)
Net Income (Loss)			(71,145,777	)
Net Asset Value End of Month		$	1,297,459,634
Net Asset Value Per Share (113,200,000 Shares)		$	11.46

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 August 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