EX-99.1 2 tm248771d3_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended February 29, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(10,102)
Unrealized Gain (Loss) on Market Value of Commodity Futures   720,197 
Dividend Income   81,221 
Interest Income   170,405 
ETF Transaction Fees   350 
Total Income (Loss)  $962,071 
      
Expenses     
General Partner Management Fees  $31,574 
Professional Fees   12,671 
Brokerage Commissions   637 
Directors' Fees and insurance   1,638 
License fees   790 
Total Expenses  $47,311 
Net Income (Loss)  $914,761 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 2/1/24  $66,329,925 
Withdrawals (50,000 Shares)   (1,886,165)
Net Income (Loss)   914,761 
      
Net Asset Value End of Month  $65,358,521 
Net Asset Value Per Share (1,750,000 Shares)  $37.35 

 

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 February 29, 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