Form 8-K United States Oil Fund, For: Jul 29
Tweet
Share
E-mail
UNITED STATES
SECURITIES AND EXCHANGE COMMISION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer |
| of incorporation) | Identification No.) | |
| ( |
(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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered: | ||
Item 7.01. Regulation FD Disclosure.
On July 29, 2022, United States Oil Fund, LP (the “Registrant”) issued its monthly account statement for the month ended June 30, 2022, 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.uscfinvestments.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 104 Cover Page Interactive Data File, formatted in Inline Extensible Business Reporting Language (iXBRL)
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: | July 29, 2022 | By: | /s/ Stuart P. Crumbaugh |
| Name: | Stuart P. Crumbaugh | ||
| Title: | Chief Financial Officer | ||
Exhibit 99.1
United States Oil Fund, LP
Monthly Account Statement
For the Month Ended June 30, 2022
| Statement of Income (Loss) | ||||
| Income | ||||
| Realized Trading Gain (Loss) on Commodity Futures | $ | 174,460,486 | ||
| Realized Gain (Loss) on Swap Contracts | (26,284,000 | ) | ||
| Unrealized Gain (Loss) on Market Value of Commodity Futures | (326,730,057 | ) | ||
| Unrealized gain (loss) on Fair Value of Swap Contracts | (913 | ) | ||
| Dividend Income | 1,308,763 | |||
| Interest Income | 268,999 | |||
| ETF Transaction Fees | 19,000 | |||
| Total Income (Loss) | $ | (176,957,722 | ) | |
| Expenses | ||||
| General Partner Management Fees | $ | 1,101,495 | ||
| Professional Fees | 51,024 | |||
| Brokerage Commissions | 68,128 | |||
| Directors' Fees and insurance | 67,652 | |||
| NYMEX License Fee | 36,717 | |||
| Total Expenses | $ | 1,325,016 | ||
| Net Income (Loss) | $ | (178,282,738 | ) | |
| Statement of Changes in Net Asset Value | ||||
| Net Asset Value Beginning of Month 6/1/22 | $ | 2,833,727,913 | ||
| Additions (3,600,000 Shares) | 320,335,831 | |||
| Withdrawals (3,900,000 Shares) | (326,926,052 | ) | ||
| Net Income (Loss) | (178,282,738 | ) | ||
| Net Asset Value End of Month | $ | 2,648,854,954 | ||
| Net Asset Value Per Share (33,023,603 Shares) | $ | 80.21 | ||
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 June 30, 2022 is accurate and complete.
| /s/ Stuart P. Crumbaugh |
Stuart P. Crumbaugh
Chief Financial Officer
United States Commodity Funds LLC, General Partner of United States Oil Fund, LP
United States Commodity Funds LLC
1850 Mt. Diablo Boulevard, Suite 640
Walnut Creek, CA 94596
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Crude Inventory Rose 2.7 Million Barrels Last Week, Says EIA
- RLX Technology Files 2023 Annual Report on Form 20-F
- Oil prices steady after 3% tumble; US reimposes Venezuela sanctions
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
