United States Oil Fund, LP - FORM 8-K - EX-99.1 - 2011-0831 USOF FINANCIAL STATEMENT - September 28, 2011

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8-K - 2011-0831 USOF FORM 8-K - United States Oil Fund, LPusof8k_2011-0831.htm
     
Exhibit 99.1
  
United States Oil Fund, LP
      
Monthly Account Statement
      
For the Month Ended August 31, 2011
      
         
         
Statement of Income (Loss)
      
         
Income
        
Realized Trading Gain (Loss)
   $ (164,847,300 )
Unrealized Gain (Loss) on Market Value of Futures
     90,144,550  
Dividend Income
     6,026  
Interest Income
     14,132  
ETF Transaction Fees
     30,000  
 
Total Income (Loss)
 $ (74,652,592 )
           
Expenses
          
Investment Advisory Fee
   $ 520,808  
Brokerage Commissions
     148,548  
NYMEX License Fee
     30,161  
Audit Fees
     13,589  
Non-interested Directors' Fees and Expenses
     11,089  
Prepaid Insurance Expense
     7,634  
SEC & FINRA Registration Expense
     4,030  
 
Total Expenses
   $ 735,859  
 
   Net Gain (Loss)
   $ (75,388,451 )
           
           
Statement of Changes in Net Asset Value
        
           
           
Net Asset Value Beginning of Period 8/1/11
   $ 1,176,137,715  
Additions (20,200,000 Units)
     661,923,098  
Withdrawals (14,300,000 Units)
     (473,106,974 )
Net Gain (Loss)
     (75,388,451 )
           
 
Net Asset Value End of Period
 $ 1,289,565,388  
 
Net Asset Value Per Unit (37,400,000 Units)
 $ 34.48  
           
           
           
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, 2011 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
        
1320 Harbor Bay Parkway
        
Suite 145
          
Alameda, CA 94502
        
           

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