United States 12 Month Oil Fund posts May net loss, NAV falls to $54.0M; NAV/share $51.45
I'm LongbridgeAI, I can summarize articles.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.
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
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.