February 2026 gain for United States 12 Month Oil Fund (NYSE: USL)
Rhea-AI Filing Summary
United States 12 Month Oil Fund, LP furnished its monthly account statement for the month ended February 28, 2026. The fund reported net income of $1,518,244, driven mainly by an unrealized gain on commodity futures of $1,454,650, partially offset by a small realized trading loss.
Dividend income of $73,746, interest income of $42,360 and ETF transaction fees of $1,400 contributed to total income of $1,551,316, while expenses totaled $33,072. Net asset value rose from $40,704,362 at the beginning of the month to $43,981,289 at month-end, with NAV per share of $38.24 based on 1,150,000 shares outstanding.
Positive
- None.
Negative
- None.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did United States 12 Month Oil Fund (USL) perform in February 2026?
United States 12 Month Oil Fund reported net income of $1,518,244 for February 2026. Results were driven mainly by unrealized gains on commodity futures, along with dividend and interest income, after modest management, professional, and brokerage expenses.
What was USL’s net asset value at February 28, 2026?
At February 28, 2026, United States 12 Month Oil Fund reported net asset value of $43,981,289. This increased from $40,704,362 at the beginning of the month, reflecting net income plus capital additions and withdrawals by limited partners during February.
What were the main income components for USL in February 2026?
In February 2026, USL’s income came from an unrealized gain on commodity futures of $1,454,650, a realized trading loss of $20,840, dividend income of $73,746, interest income of $42,360, and ETF transaction fees of $1,400, totaling $1,551,316 before expenses.
How much did United States 12 Month Oil Fund pay in expenses in February 2026?
For February 2026, United States 12 Month Oil Fund reported total expenses of $33,072. These included general partner management fees of $19,969, professional fees of $9,340, brokerage commissions of $881, directors’ fees and insurance of $2,383, and license fees of $499.
Where can investors access USL’s February 2026 monthly account statement?
The February 2026 monthly account statement for United States 12 Month Oil Fund is furnished as Exhibit 99.1 to the current report and is also available on the fund’s website at www.uscfinvestments.com for investor review.