Attached files
| file | filename |
|---|---|
| 8-K - 2011-1231 USOF FORM 8K - United States Oil Fund, LP | usof8k_2011-1231.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 December 31, 2011
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Statement of Income (Loss)
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Income
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Realized Trading Gain (Loss) on Futures
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$ | 28,770,730 | |||
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Unrealized Gain (Loss) on Market Value of Futures
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(50,334,590 | ) | |||
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Dividend Income
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10,659 | ||||
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Interest Income
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7,922 | ||||
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ETF Transaction Fees
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20,000 | ||||
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Total Income (Loss)
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$ | (21,525,279 | ) | ||
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Expenses
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Investment Advisory Fee
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$ | 445,715 | |||
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Brokerage Commissions
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106,322 | ||||
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Tax Reporting Fees
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68,200 | ||||
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NYMEX License Fee
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14,857 | ||||
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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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10,112 | ||||
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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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$ | 670,459 | |||
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Net Income (Loss)
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$ | (22,195,738 | ) | ||
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Statement of Changes in Net Asset Value
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Net Asset Value Beginning of Month 12/1/11
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$ | 1,213,097,512 | |||
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Additions (11,200,000 Units)
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429,751,168 | ||||
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Withdrawals (13,400,000 Units)
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(512,694,060 | ) | |||
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Net Income (Loss)
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(22,195,738 | ) | |||
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Net Asset Value End of Month
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$ | 1,107,958,882 | |||
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Net Asset Value Per Unit (29,100,000 Units)
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$ | 38.07 | |||
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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 December 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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