United States Oil Fund, LP - FORM 8-K - EX-99.1 - 2011-0228 USOF FINANCIAL STATEMENT - February 25, 2011

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8-K - 2011-0228 USOF FORM 8K - United States Oil Fund, LPusof8k_2011-0228.htm
     
Exhibit 99.1
  
United States Oil Fund, LP
      
Monthly Account Statement
      
For the Month Ended January 31, 2011
      
         
         
Statement of Income (Loss)
      
         
Income
        
Realized Trading Gain (Loss)
   $ 2,564,190  
Unrealized Gain (Loss) on Market Value of Futures
     333,990  
Dividend Income
     47,132  
Interest Income
     1,649  
ETF Transaction Fees
     16,000  
 
Total Income (Loss)
   $ 2,962,961  
           
Expenses
          
Investment Advisory Fee
   $ 660,387  
Brokerage Commissions
     128,918  
Tax Reporting Fees
     96,813  
NYMEX License Fee
     35,829  
Prepaid Insurance Expense
     22,236  
Audit fees
     13,589  
Non-interested Directors' Fees and Expenses
     10,342  
SEC & FINRA Registration Expense
     4,030  
Legal Fees
     3,336  
 
Total Expenses
   $ 975,480  
 
   Net Gain (Loss)
   $ 1,987,481  
           
           
Statement of Changes in Net Asset Value
        
           
           
Net Asset Value Beginning of Period 1/1/11
   $ 1,788,607,572  
Additions (10,200,000 Units)
     381,655,964  
Withdrawals (2,800,000 Units)
     (107,768,841 )
Net Gain (Loss)
     1,987,481  
           
 
Net Asset Value End of Period
   $ 2,064,482,176  
 
Net Asset Value Per Unit (53,300,000 Units)
 $ 38.73  
           
           
           
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 January 31, 2011 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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