United States Oil Fund Issues Monthly Account Statement for December 2024

United States Oil Fund, LP, released its monthly account statement for the period ending December 31, 2024, according to a recent 8-K SEC filing made on January 29, 2025. The statement includes a detailed breakdown of the financial performance for the month. This statement, in compliance with Rule 4.22 under the Commodity Exchange Act, consists of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value.

The Statement of Income (Loss) for December 2024 reveals total income of $70,965,369. This income comprises realized trading gains and losses on commodity futures, gains and losses on swap contracts, dividend income, interest income, and other sources. The statement also details expenses totaling $790,994, including general partner management fees, professional fees, brokerage commissions, and other expenditures, resulting in a net income of $70,174,375 for the period.

Moreover, the Statement of Changes in Net Asset Value displays a beginning net asset value of $1,201,164,722 as of December 1, 2024. With additions and withdrawals of shares during the month, coupled with the net income earned, the net asset value by the end of December 31, 2024, was calculated at $1,088,223,487. This corresponds to a net asset value per share of $75.45 based on 14,423,603 shares outstanding.

Stuart P. Crumbaugh, the Chief Financial Officer of United States Commodity Funds LLC – the general partner of United States Oil Fund, LP, has confirmed the accuracy and completeness of the account statement as per Rule 4.22(h) under the Commodity Exchange Act. The full account statement can be accessed on the company’s official website at www.uscfinvestments.com.

This report, along with the complete set of financial statements, serves as a transparent disclosure of United States Oil Fund’s financial position and performance for the period ending December 31, 2024, as outlined in the recent 8-K filing with the Securities and Exchange Commission.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read United States Oil Fund’s 8K filing here.

United States Oil Fund Company Profile

United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.