Attached files
| file | filename |
|---|---|
| 8-K - 2012-0131 USOF FORM 8K - United States Oil Fund, LP | usof8k_2012-0131.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 January 31, 2012
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss) on Futures
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$ | 18,702,260 | |||
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Unrealized Gain (Loss) on Market Value of Futures
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(27,171,880 | ) | |||
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Dividend Income
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10,664 | ||||
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Interest Income
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11,775 | ||||
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ETF Transaction Fees
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10,000 | ||||
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Total Income (Loss)
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$ | (8,437,181 | ) | ||
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Expenses
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Investment Advisory Fee
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$ | 463,605 | |||
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Brokerage Commissions
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101,660 | ||||
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Tax Reporting Fees
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41,619 | ||||
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NYMEX License Fee
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15,453 | ||||
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Audit Fees
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13,589 | ||||
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Non-interested Directors' Fees and Expenses
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11,379 | ||||
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Prepaid Insurance Expense
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7,634 | ||||
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Legal Fees
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5,893 | ||||
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SEC & FINRA Registration Expense
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4,030 | ||||
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Total Expenses
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$ | 664,862 | |||
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Net Income (Loss)
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$ | (9,102,043 | ) | ||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Month 1/1/12
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$ | 1,107,958,882 | |||
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Additions (9,300,000 Units)
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357,095,817 | ||||
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Withdrawals (5,900,000 Units)
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(226,127,849 | ) | |||
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Net Income (Loss)
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(9,102,043 | ) | |||
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Net Asset Value End of Month
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$ | 1,229,824,807 | |||
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Net Asset Value Per Unit (32,500,000 Units)
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$ | 37.84 | |||
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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 January 31, 2012 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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