Exhibit 99.1
| United States Short Oil Fund, LP | |
| Monthly Account Statement | |
| For the Month Ended September 30, 2018 (In Liquidation)* |
| Statement of Income (Loss) | ||||
| Income | ||||
| Realized Trading Gain (Loss) on Futures | $ | (229,927 | ) | |
| Realized Trading Gain (Loss) on Short-Term Investments | (52 | ) | ||
| Unrealized Gain (Loss) on Market Value of Futures | 427,497 | |||
| Dividend Income | (133 | ) | ||
| Interest Income | 1,738 | |||
| ETF Transaction Fees | 350 | |||
| Total Income (Loss) | $ | 199,473 | ||
| Expenses | ||||
| General Partner Management Fees | $ | 856 | ||
| Professional Fees | 531 | |||
| Brokerage Commissions | 438 | |||
| Non-interested Directors' Fees and Expenses | 16 | |||
| Prepaid Insurance Expense | 12 | |||
| NYMEX License Fee | 21 | |||
| Total Expenses | 1,874 | |||
| Expense Waiver | (489 | ) | ||
| Net Expenses | $ | 1,385 | ||
| Net Income (Loss) | $ | 198,088 | ||
| Statement of Changes in Net Asset Value | ||||
| Net Asset Value Beginning of Month 9/1/18 | $ | 9,040,330 | ||
| Withdrawals (200,000 Shares) | (9,238,418 | ) | ||
| Net Income (Loss) | 198,088 | |||
| Net Asset Value End of Month* | $ | 0 | ||
* The Fund ceased trading on the NYSE Arca on September 7, 2018 and the Fund’s liquidation date was September 12, 2018.
To the Limited Partners of United States Short 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 September 30, 2018 is accurate and complete. | |
| /s/ Stuart P. Crumbaugh |
| Stuart P. Crumbaugh | |
| Chief Financial Officer | |
| United States Commodity Funds LLC, General Partner of United States Short Oil Fund, LP | |
| United States Commodity Funds LLC | |
| 1850 Mt. Diablo Boulevard, Suite 640 | |
| Walnut Creek, CA 94596 | |
