EX-99.1 2 tm2411856d3_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended March 31, 2024

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $775,619 
Unrealized Gain (Loss) on Market Value of Commodity Futures   3,445,787 
Dividend Income   86,870 
Interest Income   191,609 
ETF Transaction Fees   1,050 
Total Income (Loss)  $4,500,935 
      
Expenses     
General Partner Management Fees  $33,056 
Professional Fees   13,546 
Brokerage Commissions   798 
Directors' Fees and insurance   947 
License fees   826 
Total Expenses  $49,173 
Net Income (Loss)  $4,451,762 

 

Statement of Changes in Net Asset Value    
Net Asset Value Beginning of Month 3/1/24  $65,358,521 
Withdrawals ((150,000) Shares)   (5,820,000)
Net Income (Loss)   4,451,762 
      
Net Asset Value End of Month  $63,990,283 
Net Asset Value Per Share (1,600,000 Shares)  $39.99 

 

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 March 31, 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