Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended September 30, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(54,025,222)
Realized Gain (Loss) on Swap Contracts   (35,842,187)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (161,528,287)
Unrealized gain (loss) on Fair Value of Swap Contracts   252 
Dividend Income   2,018,129 
Interest Income   1,990,129 
ETF Transaction Fees   21,000 
Total Income (Loss)  $(247,366,186)
      
Expenses     
General Partner Management Fees  $774,612 
Professional Fees   178,525 
Brokerage Commissions   58,611 
Directors' Fees and insurance   67,183 
NYMEX License Fee   25,820 
Total Expenses  $1,104,751 
Net Income (Loss)  $(248,470,937)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 9/1/22  $2,155,684,947 
Additions (5,000,000 Shares)   347,911,260 
Withdrawals (4,400,000 Shares)   (305,681,692)
Net Income (Loss)   (248,470,937)
      
Net Asset Value End of Month  $1,949,443,578 
Net Asset Value Per Share (29,923,603 Shares)  $65.15 

 

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 September 30, 2022 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