United States Oil Fund, LP - FORM 8-K - EX-99.1 - 2012-0229 USOF FINANCIAL STATEMENT - March 27, 2012

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8-K - 2012-0229 USOF FORM 8K - United States Oil Fund, LPusof8k_2012-0229.htm
     
Exhibit 99.1
  
United States Oil Fund, LP
      
Monthly Account Statement
      
For the Month Ended February 29, 2012
      
         
         
Statement of Income (Loss)
      
         
Income
        
Realized Trading Gain (Loss) on Futures
   $ (21,808,200 )
Unrealized Gain (Loss) on Market Value of Futures
     131,392,250  
Dividend Income
     10,532  
Interest Income
     13,748  
ETF Transaction Fees
     15,000  
 
Total Income (Loss)
   $ 109,623,330  
           
Expenses
          
Investment Advisory Fee
   $ 487,549  
Brokerage Commissions
     103,693  
Tax Reporting Fees
     100,578  
NYMEX License Fee
     16,252  
Audit Fees
     12,712  
Non-interested Directors' Fees and Expenses
     11,368  
Prepaid Insurance Expense
     7,142  
SEC & FINRA Registration Expense
     3,770  
 
Total Expenses
   $ 743,064  
 
   Net Income (Loss)
   $ 108,880,266  
           
           
Statement of Changes in Net Asset Value
        
           
           
Net Asset Value Beginning of Month 2/1/12
   $ 1,229,824,807  
Additions (10,600,000 Units)
     419,003,112  
Withdrawals (4,000,000 Units)
     (156,215,723 )
Net Income (Loss)
     108,880,266  
           
 
Net Asset Value End of Month
 $ 1,601,492,462  
 
Net Asset Value Per Unit (39,100,000 Units)
 $ 40.96  
           
           
           
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 February 29, 2012 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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