EX-99.1 2 tm2431087d3_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended November 30, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(438,600)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (59,370)
Dividend Income   74,754 
Interest Income   125,485 
ETF Transaction Fees   700 
Total Income (Loss)  $(297,031)
      
Expenses     
General Partner Management Fees  $27,136 
Professional Fees   16,070 
Brokerage Commissions   621 
Directors' Fees and insurance   1,604 
License fees   677 
Total Expenses  $46,108 
Net Income (Loss)  $(343,139)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/24  $54,812,282 
Withdrawals ((100,000) Shares)   (3,661,464)
Net Income (Loss)   (343,139)
      
Net Asset Value End of Month  $50,807,679 
Net Asset Value Per Share (1,400,000 Shares)  $36.29 

 

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 November 30, 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