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Investment Banking & Investment Services
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ETF
United States 12 Month Oil Fund, LP is an exchange traded fund launched and managed by United States Commodity Funds LLC. The fund invests in the commodity markets of the United States. It uses market neutral strategy to create its portfolio. It uses futures contracts to invest in light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels. The fund seeks to track the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the average of the prices of 12 consecutive month's futures contracts for light, sweet crude oil traded on the New York Mercantile Exchange. United States 12 Month Oil Fund, LP was formed on June 27, 2007 and is domiciled in the United States.
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