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Form 8-K United States Oil Fund, For: Apr 29

April 29, 2015 10:26 AM EDT

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): April 29, 2015

 

UNITED STATES OIL FUND, LP 

(Exact name of registrant as specified in its charter)

 

Delaware 001-32834 20-2830691

(State or other jurisdiction

of incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

     
 

1999 Harrison Street, Suite 1530

Oakland, California 94612

 
(510) 522-9600 (Address of principal executive offices) (Zip Code)  
Registrant's telephone
number, including area code
   

  

Not Applicable 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

  

Item 7.01. Regulation FD Disclosure.

 

On April 29, 2015, the United States Oil Fund, LP (the “Registrant”) issued its monthly account statement for the month ended March 31, 2015, which is presented in the form of a Statement of Income (Loss) and a Statement of Changes in Net Asset Value, as required pursuant to Rule 4.22 under the Commodity Exchange Act. A copy of the monthly account statement is furnished as Exhibit 99.1 to this Current Report on Form 8-K and also can be found on the Registrant’s website at www.unitedstatescommodityfunds.com. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit 99.1 Monthly Account Statement of the Registrant for the month ended March 31, 2015.

 

 
 

  

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  UNITED STATES OIL FUND, LP
     
  By: United States Commodity Funds LLC, its general partner
     
Date: April 29, 2015 By: /s/ Howard Mah
  Name:   Howard Mah
  Title: Chief Financial Officer

 

 

 

Exhibit 99.1

 

United States Oil Fund, LP    
Monthly Account Statement    
For the Month Ended March 31, 2015    
     
Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $(154,094,020)
Unrealized Gain (Loss) on Market Value of Futures   (23,250,630)
Dividend Income   6,163 
Interest Income   86,629 
ETF Transaction Fees   42,000 
Total Income (Loss)  $(177,209,858)
      
Expenses     
General Partner Management Fees  $1,054,475 
Brokerage Commissions   491,157 
Professional Fees   91,057 
NYMEX License Fee   35,149 
Non-interested Directors' Fees and Expenses   17,311 
Prepaid Insurance Expense   8,130 
SEC & FINRA Registration Expense   5,339 
Total Expenses  $1,702,618 
Net Income (Loss)  $(178,912,476)
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 3/1/15  $2,569,934,996 
Additions (73,200,000 Shares)   1,248,757,378 
Withdrawals (48,200,000 Shares)   (847,505,710)
Net Income (Loss)   (178,912,476)
      
Net Asset Value End of Month  $2,792,274,188 
Net Asset Value Per Share (165,500,000 Shares)  $16.87 

 

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 March 31, 2015 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

1999 Harrison Street, Suite 1530

Oakland, CA 94612

 

 


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