EX-99.1 2 tm2230449d3_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended October 31, 2022

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $1,384,170 
Unrealized Gain (Loss) on Market Value of Commodity Futures   8,018,450 
Dividend Income   96,083 
Interest Income   137,651 
ETF Transaction Fees   350 
Total Income (Loss)  $9,636,704 
      
Expenses     
General Partner Management Fees  $53,229 
Professional Fees   3,812 
Brokerage Commissions   823 
Directors' Fees and insurance   3,864 
NYMEX License Fee   1,331 
Total Expenses  $63,059 
Net Income (Loss)  $9,573,645 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 10/1/22  $97,347,145 
Withdrawals (100,000 Shares)   (3,499,250)
Net Income (Loss)   9,573,645 
      
Net Asset Value End of Month  $103,421,540 
Net Asset Value Per Share (2,900,000 Shares)  $35.66 

 

To the Limited Partners of United States 12 Month 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 October 31, 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 12 Month Oil Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596