Exhibit 99.1

 

United States Oil Fund, LP  
Monthly Account Statement  
For the Month Ended November 30, 2019  

 

Statement of Income (Loss)
Income     
Realized Trading Gain (Loss) on Futures  $83,812,599 
Realized Trading Gain (Loss) on Short-Term Investments   3,591 
Unrealized Gain (Loss) on Market Value of Futures   (57,448,549)
Dividend Income   1,034 
Interest Income   1,990,238 
ETF Transaction Fees   18,000 
Total Income (Loss)  $28,376,913 
      
Expenses     
General Partner Management Fees  $465,416 
Professional Fees   103,562 
Brokerage Commissions   169,045 
Non-interested Directors' Fees and Expenses   16,668 
Prepaid Insurance Expense   13,090 
NYMEX License Fee   15,514 
SEC & FINRA Registration Expense   24,475 
Total Expenses  $807,770 
Net Income (Loss)  $27,569,143 

 

Statement of Changes in Net Asset Value     
Net Asset Value Beginning of Month 11/1/19  $1,261,028,112 
Additions (14,100,000 Shares)   168,041,668 
Withdrawals (20,900,000 Shares)   (250,204,153)
Net Income (Loss)   27,569,143 
      
Net Asset Value End of Month  $1,206,434,770 
Net Asset Value Per Share (104,700,000 Shares)  $11.52 

 

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 November 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