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8-K - 2012-0430 USOF FORM 8K - United States Oil Fund, LPusof8k_2012-0430.htm
     
Exhibit 99.1
 
United States Oil Fund, LP
     
Monthly Account Statement
     
For the Month Ended April 30, 2012
     
         
         
Statement of Income (Loss)
     
         
Income
       
Realized Trading Gain (Loss) on Futures
  $ (57,175,710 )
Unrealized Gain (Loss) on Market Value of Futures
    73,696,210  
Dividend Income
    26,050  
Interest Income
    9,191  
ETF Transaction Fees
    12,000  
 
Total Income (Loss)
$ 16,567,741  
           
Expenses
         
General Partner Management Fees
  $ 490,757  
Tax Reporting Fees
    104,046  
Brokerage Commissions
    96,342  
NYMEX License Fee
    16,359  
Audit Fees
    13,151  
Non-interested Directors' Fees and Expenses
    11,743  
Prepaid Insurance Expense
    8,661  
SEC & FINRA Registration Expense
    3,900  
 
Total Expenses
  $ 744,959  
 
 Net Income (Loss)
$ 15,822,782  
           
           
Statement of Changes in Net Asset Value
       
           
           
Net Asset Value Beginning of Month 4/1/12
  $ 1,423,273,819  
Additions (3,000,000 Units)
    118,157,822  
Redemptions (7,100,000 Units)
    (278,987,687 )
Net Income (Loss)
    15,822,782  
           
 
Net Asset Value End of Month
$ 1,278,266,736  
 
Net Asset Value Per Unit (32,200,000 Units)
$ 39.70  
           
           
           
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 April 30, 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