EX-99.1 2 tm2421763d2_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended July 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $1,013,797 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (3,112,237)
Dividend Income   86,826 
Interest Income   175,980 
ETF Transaction Fees   350 
Total Income (Loss)  $(1,835,284)
      
Expenses     
General Partner Management Fees  $31,690 
Professional Fees   20,695 
Brokerage Commissions   683 
Directors' Fees and insurance   1,749 
License fees   794 
Total Expenses  $55,611 
Net Income (Loss)  $(1,890,895)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 7/1/24  $64,871,284 
Withdrawals ((50,000) Shares)   (2,063,867)
Net Income (Loss)   (1,890,895)
      
Net Asset Value End of Month  $60,916,522 
Net Asset Value Per Share (1,550,000 Shares)  $39.30 

 

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 July 31, 2024 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