United States Oil Fund, LP - FORM 8-K - EX-99.1 - 2010-1231 USOF FINANCIAL STATEMENT - January 28, 2011

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8-K - 2010-1231 USOF FORM 8K - United States Oil Fund, LPusof8k_2010-1231.htm
     
Exhibit 99.1
  
United States Oil Fund, LP
      
Monthly Account Statement
      
For the Month Ended December 31, 2010
      
         
         
Statement of Income (Loss)
      
         
Income
        
Realized Trading Gain (Loss)
   $ 39,526,520  
Unrealized Gain (Loss) on Market Value of Futures
     106,455,190  
Dividend Income
     65,446  
Interest Income
     1,882  
ETF Transaction Fees
     12,000  
 
Total Income (Loss)
   $ 146,061,038  
           
Expenses
          
Investment Advisory Fee
   $ 698,317  
Brokerage Commissions
     132,956  
NYMEX License Fee
     37,514  
Prepaid Insurance Expense
     22,236  
Audit fees
     13,589  
Non-interested Directors' Fees and Expenses
     10,337  
Legal Fees
     7,923  
SEC & FINRA Registration Expense
     1,860  
 
Total Expenses
   $ 924,732  
 
Net Gain (Loss)
   $ 145,136,306  
           
           
Statement of Changes in Net Asset Value
        
           
           
Net Asset Value Beginning of Period 12/1/10
   $ 1,854,528,795  
Additions (1,200,000 Units)
     45,732,837  
Withdrawals (6,700,000 Units)
     (256,790,366 )
Net Gain (Loss)
     145,136,306  
           
 
Net Asset Value End of Period
   $ 1,788,607,572  
 
Net Asset Value Per Unit (45,900,000 Units)
   $ 38.97  
           
           
           
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 December 31, 2010 is accurate and complete.
        
           
           
/s/ Howard Mah
        
           
Howard Mah
        
Chief Financial Officer
        
United States Commodity Funds LLC, General Partner of United States Oil Fund, LP
  
           
United States Commodity Funds LLC
        
1320 Harbor Bay Parkway
        
Suite 145
          
Alameda, CA 94502
        

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