EX-99.1 2 tm2424136d3_ex99-1.htm EXHIBIT 99.1

 

 

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended August 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(399,632)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (2,313,808)
Dividend Income   86,455 
Interest Income   160,999 
ETF Transaction Fees   350 
Total Income (Loss)  $(2,465,636)
      
Expenses     
General Partner Management Fees  $29,443 
Professional Fees   32,142 
Brokerage Commissions   635 
Directors' Fees and insurance   1,681 
License fees   735 
Total Expenses  $64,636 
Net Income (Loss)  $(2,530,272)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 8/1/24  $60,916,522 
Withdrawals ((50,000) Shares)   (1,896,835)
Net Income (Loss)   (2,530,272)
      
Net Asset Value End of Month  $56,489,415 
Net Asset Value Per Share (1,500,000 Shares)  $37.66 

 

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 August 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