EX-99.1 2 tm2533092d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended November 30, 2025

Statement of Income (Loss)
Income
Realized Trading Gain (Loss) on Commodity Futures		$	(1,416,690	)
Realized Gain (Loss) on Swap Contracts			2,224,481
Unrealized Gain (Loss) on Market Value of Commodity Futures			(28,481,470	)
Unrealized gain (loss) on Fair Value of Swap Contracts			(7,401,937	)
Dividend Income			1,609,697
Interest Income			1,171,466
ETF Transaction Fees			16,000
Total Income (Loss)		$	(32,278,453	)
Expenses
General Partner Management Fees		$	341,994
Professional Fees			168,398
Brokerage Commissions			102,186
Directors' Fees and insurance			59,608
License fees			11,399
Total Expenses		$	683,585
Net Income (Loss)		$	(32,962,038	)
Statement of Changes in Net Asset Value
Net Asset Value Beginning of Month 11/1/25		$	960,049,606
Additions (3,000,000 Shares)			212,544,159
Withdrawals ((3,000,000) Shares)			(213,733,066	)
Net Income (Loss)			(32,962,038	)
Net Asset Value End of Month		$	925,898,661
Net Asset Value Per Share (13,223,603 Shares)		$	70.02

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, 2025 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