EX-99.1 2 tm2332808d3_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, 2023

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $216,380 
Unrealized Gain (Loss) on Market Value of Commodity Futures   (3,105,310)
Dividend Income   103,683 
Interest Income   195,734 
ETF Transaction Fees   350 
Total Income (Loss)  $(2,589,163)
      
Expenses     
General Partner Management Fees  $37,430 
Professional Fees   13,109 
Brokerage Commissions   590 
Directors' Fees and insurance   1,758 
License fees   936 
Total Expenses  $53,823 
Net Income (Loss)  $(2,642,986)

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 11/1/23  $76,390,130 
Additions (50,000 Shares)   1,823,435 
Net Income (Loss)   (2,642,986)
      
Net Asset Value End of Month  $75,570,579 
Net Asset Value Per Share (2,050,000 Shares)  $36.86 

 

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, 2023 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