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8-K - 2011-0527 USOF FORM 8K - United States Oil Fund, LPusof8k_2011-0527.htm

     
Exhibit 99.1
 
United States Oil Fund, LP
     
Monthly Account Statement
     
For the Month Ended April 30, 2011
     
         
         
Statement of Income (Loss)
     
         
Income
       
Realized Trading Gain (Loss)
  $ 147,937,170  
Unrealized Gain (Loss) on Market Value of Futures
    (35,866,010 )
Dividend Income
    16,624  
Interest Income
    2,516  
ETF Transaction Fees
    25,000  
 
Total Income (Loss)
  $ 112,115,300  
           
Expenses
         
Investment Advisory Fee
  $ 661,362  
Brokerage Commissions
    115,696  
Tax Reporting Fees
    93,690  
NYMEX License Fee
    35,941  
Audit Fees
    13,151  
Non-interested Directors' Fees and Expenses
    10,339  
Prepaid Insurance Expense
    7,388  
SEC & FINRA Registration Expense
    3,900  
Legal Fees
    1,160  
Tax Fees
    950  
 
Total Expenses
  $ 943,577  
 
   Net Gain (Loss)
  $ 111,171,723  
           
           
Statement of Changes in Net Asset Value
       
           
           
Net Asset Value Beginning of Period 4/1/11
  $ 2,051,180,226  
Additions (4,100,000 Units)
    178,902,898  
Withdrawals (17,200,000 Units)
    (757,539,325 )
Net Gain (Loss)
    111,171,723  
           
 
Net Asset Value End of Period
$ 1,583,715,522  
 
Net Asset Value Per Unit (35,000,000 Units)
$ 45.25  
           
           
           
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 April 30, 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