Attached files
| file | filename |
|---|---|
| 8-K - 2011-1031 USOF FORM 8K - United States Oil Fund, LP | usof8k_2011-1031.htm |
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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 October 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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$ | (11,334,080 | ) | ||
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Unrealized Gain (Loss) on Market Value of Futures
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219,480,930 | ||||
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Dividend Income
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4,699 | ||||
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Interest Income
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9,547 | ||||
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ETF Transaction Fees
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22,000 | ||||
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Total Income (Loss)
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$ | 208,183,096 | |||
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Expenses
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Investment Advisory Fee
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$ | 473,513 | |||
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Brokerage Commissions
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119,866 | ||||
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NYMEX License Fee
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24,315 | ||||
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Tax Reporting Fees
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15,934 | ||||
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Legal Fees
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15,356 | ||||
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Audit Fees
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13,589 | ||||
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Non-interested Directors' Fees and Expenses
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11,523 | ||||
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Prepaid Insurance Expense
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7,634 | ||||
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SEC & FINRA Registration Expense
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4,030 | ||||
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Total Expenses
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$ | 685,760 | |||
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Net Income (Loss)
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$ | 207,497,336 | |||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Period 10/1/11
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$ | 1,094,560,403 | |||
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Additions (8,600,000 Units)
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278,041,458 | ||||
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Withdrawals (11,800,000 Units)
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(410,946,097 | ) | |||
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Net Income (Loss)
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207,497,336 | ||||
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Net Asset Value End of Period
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$ | 1,169,153,100 | |||
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Net Asset Value Per Unit (32,500,000 Units)
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$ | 35.97 | |||
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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 October 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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