Attached files
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8-K - 2011-0527 USOF FORM 8K - United States Oil Fund, LP | usof8k_2011-0527.htm |
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 April 30, 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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$ | 147,937,170 | |||
Unrealized Gain (Loss) on Market Value of Futures
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(35,866,010 | ) | |||
Dividend Income
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16,624 | ||||
Interest Income
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2,516 | ||||
ETF Transaction Fees
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25,000 | ||||
Total Income (Loss)
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$ | 112,115,300 | |||
Expenses
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Investment Advisory Fee
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$ | 661,362 | |||
Brokerage Commissions
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115,696 | ||||
Tax Reporting Fees
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93,690 | ||||
NYMEX License Fee
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35,941 | ||||
Audit Fees
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13,151 | ||||
Non-interested Directors' Fees and Expenses
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10,339 | ||||
Prepaid Insurance Expense
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7,388 | ||||
SEC & FINRA Registration Expense
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3,900 | ||||
Legal Fees
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1,160 | ||||
Tax Fees
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950 | ||||
Total Expenses
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$ | 943,577 | |||
Net Gain (Loss)
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$ | 111,171,723 | |||
Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 4/1/11
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$ | 2,051,180,226 | |||
Additions (4,100,000 Units)
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178,902,898 | ||||
Withdrawals (17,200,000 Units)
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(757,539,325 | ) | |||
Net Gain (Loss)
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111,171,723 | ||||
Net Asset Value End of Period
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$ | 1,583,715,522 | |||
Net Asset Value Per Unit (35,000,000 Units)
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$ | 45.25 | |||
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 April 30, 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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