EX-99.1 2 tm2127618d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended August 31, 2021

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $57,556,245 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (216,366,255)
Dividend Income   37,908 
Interest Income   62,123 
ETF Transaction Fees   11,000 
Total Income (Loss)  $(158,698,979)
      
Expenses     
General Partner Management Fees  $1,024,191 
Professional Fees   618,475 
Brokerage Commissions   71,307 
Directors' Fees and insurance   72,684 
NYMEX License Fee   34,139 
Total Expenses  $1,820,796 
Net Income (Loss)  $(160,519,775)
      
Statement of Changes in Net Asset Value     
Net Asset Value Beginning of Month 8/1/21  $2,857,641,761 
Additions (2,400,000 Shares)   113,815,637 
Withdrawals (3,800,000 Shares)   (174,007,917)
Net Income (Loss)   (160,519,775)
      
Net Asset Value End of Month  $2,636,929,706 
Net Asset Value Per Share (54,823,603 Shares)  $48.10 

 

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 August 31, 2021 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