EX-99.1 2 tv527273_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended July 31, 2019

Statement of Income (Loss)

Income
Realized Trading Gain (Loss) on Futures		$	2,816,120
Unrealized Gain (Loss) on Market Value of Futures			(1,921,750	)
Dividend Income			57,545
Interest Income			121,519
Total Income (Loss)		$	1,073,434
Expenses
General Partner Management Fees		$	58,124
Professional Fees			12,274
Brokerage Commissions			8,665
Non-interested Directors' Fees and Expenses			1,112
Prepaid Insurance Expense			734
Total Expenses			80,909
Expense Waiver			(11,160	)
Net Expenses		$	69,749
Net Income (Loss)		$	1,003,685
Statement of Changes in Net Asset Value
Net Asset Value Beginning of Month 7/1/19		$	91,836,193
Net Income (Loss)			1,003,685
Net Asset Value End of Month		$	92,839,878
Net Asset Value Per Share (4,800,000 Shares)		$	19.34

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 July 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 Brent Oil Fund, LP

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596