United States 12 Month Oil Fund (NYSE Arca: USL) posts $6.08M June trading loss
Rhea-AI Filing Summary
United States 12 Month Oil Fund, LP reported a net loss of $6,084,012 for the month ended June 30, 2026, based on its monthly account statement furnished under Regulation FD. Total income (loss) was a loss of $6,042,163, driven by an unrealized loss of $8,274,706 on commodity futures that more than offset a realized trading gain of $2,094,902 plus dividend and interest income.
Fund expenses for the month were $41,849. Net asset value decreased from $54,024,343 at June 1, 2026 to $40,571,887 at June 30, 2026 after accounting for the net loss and $7,368,444 of withdrawals (150,000 shares). Net asset value per share at month-end was $45.08 based on 900,000 shares.
Positive
- None.
Negative
- The fund recorded a net loss of $6,084,012 for June 2026, contributing to a decline in net asset value to $40,571,887 by month-end.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Net Income (Loss): $6,084,012 loss
Realized Trading Gain on Futures: $2,094,902
Unrealized Loss on Futures: $8,274,706 loss
+5 more
8 metrics
Net Income (Loss)
$6,084,012 loss
Month ended June 30, 2026
Realized Trading Gain on Futures
$2,094,902
Realized trading gain on commodity futures for June 2026
Unrealized Loss on Futures
$8,274,706 loss
Unrealized loss on market value of commodity futures for June 2026
Total Expenses
$41,849
Fund expenses for the month ended June 30, 2026
Net Asset Value Beginning of Month
$54,024,343
NAV at June 1, 2026
Net Asset Value End of Month
$40,571,887
NAV at June 30, 2026
Withdrawals
$7,368,444
Partner withdrawals during June 2026 (150,000 shares)
Net Asset Value Per Share
$45.08
Based on 900,000 shares at June 30, 2026
Key Terms
Regulation FD, Commodity Exchange Act, Net Asset Value, Realized Trading Gain (Loss), +1 more
5 terms
Regulation FD regulatory
"issued its monthly account statement ... as a Regulation FD disclosure"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
Commodity Exchange Act regulatory
"as required pursuant to Rule 4.22 under the Commodity Exchange Act"
A federal law that creates the rulebook for trading commodity futures and options, setting standards to prevent market manipulation, fraud, and unfair practices. It matters to investors because those rules and the government oversight that enforces them help keep prices honest, ensure transparent reporting, and reduce the risk that markets will be distorted — similar to traffic laws that make driving safer and more predictable.
Net Asset Value financial
"Statement of Changes in Net Asset Value"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
Realized Trading Gain (Loss) financial
"Realized Trading Gain (Loss) on Commodity Futures"
Unrealized Gain (Loss) financial
"Unrealized Gain (Loss) on Market Value of Commodity Futures"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What net income or loss did United States 12 Month Oil Fund (USL) report for June 2026?
United States 12 Month Oil Fund reported a net loss of $6,084,012 for the month ended June 30, 2026. This followed total income (loss) of $(6,042,163) and monthly expenses of $41,849.
How did USL’s net asset value change during June 2026?
Net asset value fell from $54,024,343 at June 1, 2026 to $40,571,887 at June 30, 2026. The change reflects the $6,084,012 net loss and $7,368,444 of partner withdrawals (150,000 shares).
What were USL’s realized and unrealized futures results in June 2026?
For June 2026, USL recorded a realized trading gain of $2,094,902 on commodity futures and an unrealized loss of $8,274,706 on the market value of commodity futures, producing an overall trading-related loss.
What expenses did United States 12 Month Oil Fund (USL) incur in June 2026?
USL’s June 2026 expenses totaled $41,849, including general partner management fees of $23,853, professional fees of $15,586, and smaller amounts for brokerage commissions, directors’ fees and insurance, and license fees.
How much capital was withdrawn from USL during June 2026?
During June 2026, partners withdrew $7,368,444 from United States 12 Month Oil Fund, corresponding to 150,000 shares. These withdrawals, together with the monthly net loss, reduced the fund’s ending net asset value.