In a recent regulatory filing on Wednesday, United States 12 Month Oil Fund, LP (NYSE Arca: USL) disclosed its monthly account statement for July 2024, which includes a Statement of Income (Loss) and a Statement of Changes in Net Asset Value.
The document, submitted as part of the Commodity Exchange Act requirements, indicates the financial performance of the fund over the past month.
The account statement is also available on the fund's website, as noted in the Form 8-K filing with the Securities and Exchange Commission (SEC). However, the information provided in the filing, including the attached Exhibit 99.1, is not considered “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated by reference in any filing under the Securities Act of 1933, unless explicitly referenced in such filings.
United States 12 Month Oil Fund, LP, which trades under the ticker symbol USL on the NYSE Arca, is a Delaware limited partnership. The fund's principal executive offices are located in Walnut Creek, California, and the partnership is managed by United States Commodity Funds LLC.
The filing was made in accordance with the SEC regulations, and it provides investors with a snapshot of the fund's financial status as of the end of July. The details of the financial statements were not disclosed in the summary of the filing.
Investors and stakeholders interested in the fund's performance can access the full monthly account statement on the United States Commodity Funds website. The filing ensures transparency and provides essential information for those tracking the financial health of the United States 12 Month Oil Fund, LP.
This report is based on the press release statement and the 8-K filing made by United States 12 Month Oil Fund, LP with the SEC.
In other recent news, the United States 12 Month Oil Fund, LP has reported its monthly financials for May and June 2024. These reports, which fulfill the fund's regulatory obligations under Rule 4.22 of the Commodity Exchange Act, offer a snapshot of the fund's financial status, including a Statement of Income (Loss) and a Statement of Changes in Net Asset Value.
The financials, managed by the United States Commodity Funds LLC, are part of the fund's commitment to transparency and are readily available for review on the fund's website. The reports are not considered "filed" under Section 18 of the Securities Exchange Act of 1934, nor are they incorporated by reference in any filing under the Securities Act of 1933, unless explicitly stated.
These recent developments provide investors and interested parties with an opportunity to assess the performance of the fund, which offers exposure to movements in the price of oil.
The United States 12 Month Oil Fund, LP is one of several investment vehicles that allow investors to participate in the commodities market without directly purchasing physical commodities or futures contracts.
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