United States Oil Fund (USO) Discloses $2.62 Billion Loss in April
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E-mailUnited States Oil Fund (NYSE: USO) Discloses $2.62 Billion Loss in April
United States Oil Fund, LP
Monthly Account Statement
For the Month Ended April 30, 2020
| Statement of Income (Loss) | ||||
| Income | ||||
| Realized Trading Gain (Loss) on Futures | $ | (3,656,818,516 | ) | |
| Unrealized Gain (Loss) on Market Value of Futures | 1,038,118,734 | |||
| Dividend Income | 335,275 | |||
| Interest Income | 1,006,704 | |||
| ETF Transaction Fees | 48,351 | |||
| Total Income (Loss) | $ | (2,617,309,452 | ) | |
| Expenses | ||||
| General Partner Management Fees | $ | 1,248,435 | ||
| Professional Fees | 130,340 | |||
| Brokerage Commissions | 3,241,509 | |||
| Non-interested Directors' Fees and Expenses | 20,990 | |||
| Prepaid Insurance Expense | 12,820 | |||
| NYMEX License Fee | 41,615 | |||
| SEC & FINRA Registration Expense | 843,000 | |||
| Total Expenses | $ | 5,538,709 | ||
| Net Income (Loss) | $ | (2,622,848,161 | ) | |
| Statement of Changes in Net Asset Value | ||||
| Net Asset Value Beginning of Month 4/1/20 | $ | 2,531,378,766 | ||
| Additions (118,225,000 Shares) | 3,881,007,779 | |||
| Withdrawals (7,437,500 Shares) | (300,341,053 | ) | ||
| Net Income (Loss) | (2,622,848,161 | ) | ||
| Net Asset Value End of Month | $ | 3,489,197,331 | ||
| Net Asset Value Per Share (185,362,500 Shares) | $ | 18.82 | ||
To the Limited Partners of United States Oil Fund, LP:
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