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8-K - FORM 8-K - United States Oil Fund, LPv442530_8k.htm

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended May 31, 2016  

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $375,609,499 
Unrealized Gain (Loss) on Market Value of Futures   (188,741,350)
Dividend Income   184,322 
Interest Income   811,919 
ETF Transaction Fees   23,000 
Total Income (Loss)  $187,887,390 
      
Expenses     
General Partner Management Fees  $1,352,013 
Professional Fees   214,378 
Brokerage Commissions   537,909 
Non-interested Directors' Fees and Expenses   19,170 
Prepaid Insurance Expense   14,088 
NYMEX License Fee   45,067 
SEC & FINRA Registration Expense   28,037 
Total Expenses  $2,210,662 
Net Income (Loss)  $185,676,728 

 

Statement of Changes in Net Asset Value    
     
Net Asset Value Beginning of Month 5/1/16  $3,571,118,612 
Additions (7,200,000 Shares)   79,069,084 
Withdrawals (35,700,000 Shares)   (414,679,456)
Net Income (Loss)   185,676,728 
      
Net Asset Value End of Month  $3,421,184,968 
Net Asset Value Per Share (287,700,000 Shares)  $11.89 

 

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 May 31, 2016 is accurate and complete.

  

/s/ Stuart P. Crumbaugh  

Stuart P. Crumbaugh

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