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8-K - FORM 8-K - United States Oil Fund, LPtm203318-1_8k.htm

 

Exhibit 99.1

 

United States Oil Fund, LP  
Monthly Account Statement  
For the Month Ended December 31, 2019  

 

Statement of Income (Loss) 
Income     
Realized Trading Gain (Loss) on Futures  $49,773,004 
Unrealized Gain (Loss) on Market Value of Futures   77,679,956 
Dividend Income   4,496 
Interest Income   1,860,293 
ETF Transaction Fees   23,000 
Total Income (Loss)  $129,340,749 
      
Expenses     
General Partner Management Fees  $467,895 
Professional Fees   107,014 
Brokerage Commissions   163,600 
Non-interested Directors' Fees and Expenses   16,462 
Prepaid Insurance Expense   13,526 
NYMEX License Fee   15,597 
SEC & FINRA Registration Expense   25,291 
Total Expenses  $809,385 
Net Income (Loss)  $128,531,364 

 

Statement of Changes in Net Asset Value 
Net Asset Value Beginning of Month 12/1/19  $1,206,434,770 
Additions (13,200,000 Shares)   165,797,812 
Withdrawals (26,300,000 Shares)   (329,787,690)
Net Income (Loss)   128,531,364 
      
Net Asset Value End of Month  $1,170,976,256 
Net Asset Value Per Share (91,600,000 Shares)  $12.78 

 

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 December 31, 2019 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  
1850 Mt. Diablo Boulevard, Suite 640  
Walnut Creek, CA 94596