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8-K - 2012-0430 USBO FORM 8K - United States Brent Oil Fund, LPusbo8k_2012-0430.htm
     
Exhibit 99.1
 
United States Brent Oil Fund, LP
     
Monthly Account Statement
     
For the Month Ended April 30, 2012
     
         
         
Statement of Income (Loss)
     
         
Income
       
Realized Trading Gain (Loss) on Futures
  $ 692,490  
Unrealized Gain (Loss) on Market Value of Futures
    (1,982,840 )
Dividend Income
    1,096  
Interest Income
    285  
 
Total Income (Loss)
$ (1,288,969 )
           
Expenses
         
General Partner Management Fees
  $ 34,006  
Brokerage Commissions
    1,777  
Non-interested Directors' Fees and Expenses
    489  
Prepaid Insurance Expense
    410  
Other Expenses
    9,579  
 
Total Expenses
    46,261  
Expense Waiver
    (2,778 )
 
Net Expenses
  $ 43,483  
 
  Net Income (Loss)
$ (1,332,452 )
           
           
Statement of Changes in Net Asset Value
       
           
           
Net Asset Value Beginning of Month 4/1/12
  $ 56,098,232  
Net Income (Loss)
    (1,332,452 )
           
 
Net Asset Value End of Month
$ 54,765,780  
 
Net Asset Value Per Unit (650,000 Units)
$ 84.26  
           
           
           
To the Limited Partners of United States Brent 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, 2012 is accurate and complete.
     
           
           
/s/ Howard Mah        
           
Howard Mah
       
Chief Financial Officer
       
United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP
 
           
United States Commodity Funds LLC
       
1320 Harbor Bay Parkway
       
Suite 145
         
Alameda, CA 94502