Attached files
| file | filename |
|---|---|
| 8-K - 2011-0329 USOF FORM 8K - United States Oil Fund, LP | usof8k_2011-0329.htm |
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Exhibit 99.1
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United States Oil Fund, LP
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Monthly Account Statement
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For the Month Ended February 28, 2011
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss)
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$ | (59,530,830 | ) | ||
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Unrealized Gain (Loss) on Market Value of Futures
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85,870,000 | ||||
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Dividend Income
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30,275 | ||||
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Interest Income
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4,446 | ||||
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ETF Transaction Fees
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16,000 | ||||
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Total Income (Loss)
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$ | 26,389,891 | |||
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Expenses
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Investment Advisory Fee
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$ | 668,846 | |||
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Brokerage Commissions
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165,237 | ||||
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Tax Reporting Fees
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87,444 | ||||
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NYMEX License Fee
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36,236 | ||||
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Audit fees
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12,274 | ||||
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Prepaid Insurance Expense
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12,194 | ||||
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Non-interested Directors' Fees and Expenses
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10,383 | ||||
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SEC & FINRA Registration Expense
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3,640 | ||||
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Total Expenses
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$ | 996,254 | |||
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Net Gain (Loss)
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$ | 25,393,637 | |||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 2/1/11
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$ | 2,064,482,176 | |||
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Additions (10,700,000 Units)
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408,769,984 | ||||
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Withdrawals (12,400,000 Units)
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(476,072,312 | ) | |||
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Net Gain (Loss)
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25,393,637 | ||||
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Net Asset Value End of Period
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$ | 2,022,573,485 | |||
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Net Asset Value Per Unit (51,600,000 Units)
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$ | 39.20 | |||
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To the Limited Partners of United States Oil Fund, LP:
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Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
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to the best of his knowledge and belief, the information contained in the Account Statement for
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the month ended February 28, 2011 is accurate and complete.
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/s/ Howard Mah
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Howard Mah
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Chief Financial Officer
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United States Commodity Funds LLC, General Partner of United States Oil Fund, LP
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United States Commodity Funds LLC
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1320 Harbor Bay Parkway
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Suite 145
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Alameda, CA 94502
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