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8-K - FORM 8-K - United States Oil Fund, LPv394984_8k.htm

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2014  

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(40,796,548)
Unrealized Gain (Loss) on Market Value of Futures   (39,813,550)
Dividend Income   (4,916)
Interest Income   24,441 
ETF Transaction Fees   19,000 
Total Income (Loss)  $(80,571,573)
      
Expenses     
General Partner Management Fees  $264,049 
Brokerage Commissions   74,340 
Professional Fees   21,241 
NYMEX License Fee   8,804 
Non-interested Directors' Fees and Expenses   7,873 
Prepaid Insurance Expense   7,194 
Total Expenses  $383,501 
Net Income (Loss)  $(80,955,074)

 

Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 10/1/14  $638,180,578 
Additions (12,900,000 Shares)   410,402,613 
Withdrawals (7,300,000 Shares)   (227,983,578)
Net Income (Loss)   (80,955,074)
      
Net Asset Value End of Month  $739,644,539 
Net Asset Value Per Share (24,200,000 Shares)  $30.56 

 

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 October 31, 2014 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

1999 Harrison Street, Suite 1530

Oakland, CA 94612