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8-K - FORM 8-K - United States Oil Fund, LPtm2030929d1_8k.htm

 

Exhibit 99.1

 

United States Oil Fund, LP

Monthly Account Statement

For the Month Ended August 31, 2020

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $272,809,981 
Unrealized Gain (Loss) on Market Value of Futures   (69,092,292)
Dividend Income   140,716 
Interest Income   237,039 
ETF Transaction Fees   18,000 
Total Income (Loss)  $204,113,444 
      
Expenses     
General Partner Management Fees  $1,648,202 
Professional Fees   371,475 
Brokerage Commissions   200,236 
Directors' Fees and insurance   33,995 
NYMEX License Fee   54,940 
SEC & FINRA Registration Expense   272,025 
Total Expenses  $2,580,873 
Net Income (Loss)  $201,532,571 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 8/1/20  $4,168,455,647 
Additions (14,300,000 Shares)   436,834,672 
Withdrawals (10,600,000 Shares)   (321,827,743)
Net Income (Loss)   201,532,571 
      
Net Asset Value End of Month  $4,484,995,147 
Net Asset Value Per Share (147,423,603 Shares)  $30.42 

 

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 August 31, 2020 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