Attached files
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8-K - 2012-0229 USOF FORM 8K - United States Oil Fund, LP | usof8k_2012-0229.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 February 29, 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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$ | (21,808,200 | ) | ||
Unrealized Gain (Loss) on Market Value of Futures
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131,392,250 | ||||
Dividend Income
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10,532 | ||||
Interest Income
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13,748 | ||||
ETF Transaction Fees
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15,000 | ||||
Total Income (Loss)
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$ | 109,623,330 | |||
Expenses
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Investment Advisory Fee
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$ | 487,549 | |||
Brokerage Commissions
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103,693 | ||||
Tax Reporting Fees
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100,578 | ||||
NYMEX License Fee
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16,252 | ||||
Audit Fees
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12,712 | ||||
Non-interested Directors' Fees and Expenses
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11,368 | ||||
Prepaid Insurance Expense
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7,142 | ||||
SEC & FINRA Registration Expense
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3,770 | ||||
Total Expenses
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$ | 743,064 | |||
Net Income (Loss)
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$ | 108,880,266 | |||
Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Month 2/1/12
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$ | 1,229,824,807 | |||
Additions (10,600,000 Units)
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419,003,112 | ||||
Withdrawals (4,000,000 Units)
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(156,215,723 | ) | |||
Net Income (Loss)
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108,880,266 | ||||
Net Asset Value End of Month
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$ | 1,601,492,462 | |||
Net Asset Value Per Unit (39,100,000 Units)
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$ | 40.96 | |||
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 29, 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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