Exhibit 99.1
United States Oil Fund, LP | |||||||
Monthly Account Statement | |||||||
For the Month Ended October 31, 2007 | |||||||
Statement of Income (Loss) | ||||
Income | ||||
Realized Trading Gain (Loss) | $ | 40,418,190 | ||
Unrealized Gain (Loss) on Market Value of Futures | 33,117,580 | |||
Interest Income | 1,612,391 | |||
ETF Transaction Fees | 24,000 | |||
Total Income (Loss) | $ | 75,172,161 | ||
Expenses | ||||
Investment Advisory Fee | $ | 191,523 | ||
Brokerage Commissions | 85,912 | |||
K-1 Tax Expense | 51,646 | |||
Non-interested Directors' Fees and Expenses | 32,791 | |||
NYMEX License Fee | 24,611 | |||
Legal Fees | 6,587 | |||
SEC & FINRA Registration Fees | 760 | |||
Total Expenses | $ | 393,830 | ||
Net Gain (Loss) | $ | 74,778,331 | ||
Statement of Changes in Net Asset Value | ||||
Net Asset Value Beginning of Period 10/1/07 | $ | 432,381,650 | ||
Additions (8,700,000 Units) | 588,662,240 | |||
Withdrawals (7,800,000 Units) | (524,045,762 | ) | ||
Net Gain (Loss) | 74,778,331 | |||
Net Asset Value End of Period | $ | 571,776,459 | ||
Net Asset Value Per Unit (7,800,000 Units) | $ | 73.30 |
To the Limited Partners of United States Oil Fund, LP: | |||||||
Pursuant to Section 4.22(h) of the Commodities 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 October 31, 2007 is accurate and complete. | |||||||
/s/ Nicholas D. Gerber | |||||||
Nicholas D. Gerber | |||||||
President and Chief Executive Officer | |||||||
Victoria Bay Asset Management, LLC, General Partner of United States Oil Fund, LP | |||||||
Victoria Bay Asset Management, LLC | |||||||
1320 Harbor Bay Parkway | |||||||
Suite 145 | |||||||
Alameda, CA 94502 |