Attached files
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8-K - 2011-0228 USOF FORM 8K - United States Oil Fund, LP | usof8k_2011-0228.htm |
Exhibit 99.1
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United States Oil Fund, LP
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Monthly Account Statement
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For the Month Ended January 31, 2011
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss)
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$ | 2,564,190 | |||
Unrealized Gain (Loss) on Market Value of Futures
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333,990 | ||||
Dividend Income
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47,132 | ||||
Interest Income
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1,649 | ||||
ETF Transaction Fees
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16,000 | ||||
Total Income (Loss)
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$ | 2,962,961 | |||
Expenses
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Investment Advisory Fee
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$ | 660,387 | |||
Brokerage Commissions
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128,918 | ||||
Tax Reporting Fees
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96,813 | ||||
NYMEX License Fee
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35,829 | ||||
Prepaid Insurance Expense
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22,236 | ||||
Audit fees
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13,589 | ||||
Non-interested Directors' Fees and Expenses
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10,342 | ||||
SEC & FINRA Registration Expense
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4,030 | ||||
Legal Fees
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3,336 | ||||
Total Expenses
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$ | 975,480 | |||
Net Gain (Loss)
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$ | 1,987,481 | |||
Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 1/1/11
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$ | 1,788,607,572 | |||
Additions (10,200,000 Units)
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381,655,964 | ||||
Withdrawals (2,800,000 Units)
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(107,768,841 | ) | |||
Net Gain (Loss)
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1,987,481 | ||||
Net Asset Value End of Period
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$ | 2,064,482,176 | |||
Net Asset Value Per Unit (53,300,000 Units)
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$ | 38.73 | |||
To the Limited Partners of United States Oil Fund, LP:
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Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that,
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to the best of his knowledge and belief, the information contained in the Account Statement for
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the month ended January 31, 2011 is accurate and complete.
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/s/ Howard Mah
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Howard Mah
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Chief Financial Officer
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United States Commodity Funds LLC, General Partner of United States Oil Fund, LP
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United States Commodity Funds LLC
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1320 Harbor Bay Parkway
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Suite 145
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Alameda, CA 94502
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