Exhibit 99.1 | ||||||
United States Oil Fund, LP | ||||||
Monthly Account Statement | ||||||
For the Month Ended February 28, 2010 | ||||||
Statement of Income (Loss) | ||||||
Income | ||||||
Realized Trading Gain (Loss) | $ | (218,328,070) | ||||
Unrealized Gain (Loss) on Market Value of Futures | 392,527,290 | |||||
Interest Income | 28,929 | |||||
ETF Transaction Fees | 14,000 | |||||
Total Income (Loss) | $ | 174,242,149 | ||||
Expenses | ||||||
Investment Advisory Fee | $ | 714,125 | ||||
Tax Reporting Fees | 140,000 | |||||
Brokerage Commissions | 118,159 | |||||
NYMEX License Fee | 36,807 | |||||
Legal Fees | 25,153 | |||||
Audit Fees | 12,274 | |||||
Prepaid Insurance Fees | 8,870 | |||||
Non-interested Directors' Fees and Expenses | 8,108 | |||||
SEC & FINRA Registration Fees | 7,000 | |||||
Total Expenses | $ | 1,070,496 | ||||
Net Gain (Loss) | $ | 173,171,653 | ||||
Statement of Changes in Net Asset Value | ||||||
Net Asset Value Beginning of Period 2/1/10 | $ | 2,043,114,699 | ||||
Additions (-700,000 Units)* | (19,030,235) | |||||
Withdrawals (8,700,000 Units)** | (342,633,353) | |||||
Net Gain (Loss) | 173,171,653 | |||||
Net Asset Value End of Period | $ | 1,854,622,764 | ||||
Net Asset Value Per Unit (47,800,000 Units) | $ | 38.80 | ||||
* Includes prior period cancelled subscriptions of 1,600,000 shares at a total of $52,851,992 and current | ||||||
period subscriptions of 900,000 shares at a total of $33,821,757. | ||||||
** Includes prior period cancelled redemptions of 1,600,000 shares at a total of $52,851,992 and current | ||||||
period redemptions of 10,300,000 shares at a total of $395,485,345. | ||||||
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 28, 2010 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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8-K Filing
United States Oil Fund (USO) 8-KRegulation FD Disclosure
Filed: 26 Mar 10, 12:00am