---
title: "United States 12 Month Oil Fund posts May net loss, NAV falls to $54.0M; NAV/share $51.45"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291145173.md"
description: "The United States 12 Month Oil Fund reported a net loss of $2.6 million for May, driven by unrealized futures losses offsetting realized trading gains. The month-end Net Asset Value (NAV) declined to $54.0 million, with NAV per share at $51.45. This decrease followed significant withdrawals exceeding additions during the period."
datetime: "2026-06-29T12:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291145173.md)
  - [en](https://longbridge.com/en/news/291145173.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291145173.md)
generator: "portal-rs"
---

# United States 12 Month Oil Fund posts May net loss, NAV falls to $54.0M; NAV/share $51.45

**United States 12 Month Oil Fund reported a net loss of $2,614,461 for May and month-end net asset value of $54,024,343.**

**Key Highlights:**

-   Realized trading gain of $3,613,175 offset by $6,349,556 unrealized futures loss, driving total net loss of $2,614,461.
-   Total income (loss) for May was $(2,566,067), with dividend and interest income of $127,172 and $41,392 respectively.
-   Total expenses were $48,394, including $29,428 in general partner management fees.
-   Net asset value fell from $59,033,804 on May 1 to $54,024,343 at month-end after $5,342,524 additions and $7,737,524 withdrawals.
-   Net asset value per share at month-end was $51.45 based on 1,050,000 shares outstanding.

Original SEC Filing: United States 12 Month Oil Fund, LP \[ USL \] - 8-K - Jun. 29, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**