EX-99.1 2 v384812_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended June 30, 2014

Statement of Income (Loss)
Income
Realized Trading Gain (Loss) on Futures		$	406,180
Unrealized Gain (Loss) on Market Value of Futures			1,063,430
Dividend Income			148
Interest Income			970
ETF Transaction Fees			700
Total Income (Loss)		$	1,471,428
Expenses
General Partner Management Fees		$	30,476
Professional Fees			13,560
Brokerage Commissions			2,038
Non-interested Directors' Fees and Expenses			628
Prepaid Insurance Expense			314
Total Expenses			47,016
Expense Waiver			(8,163	)
Net Expenses		$	38,853
Net Income (Loss)		$	1,432,575
Statement of Changes in Net Asset Value
Net Asset Value Beginning of Month 6/1/14		$	46,111,113
Additions (150,000 Shares)			6,881,846
Net Income (Loss)			1,432,575
Net Asset Value End of Month		$	54,425,534
Net Asset Value Per Share (1,200,000 Shares)		$	45.35

To the Limited Partners of United States Brent 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, 2014 is accurate and complete.

/s/ Howard Mah

Howard Mah

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP

United States Commodity Funds LLC

1999 Harrison Street, Suite 1530

Oakland, CA 94612