United States 12 Month Oil Fund Releases Audited Results

The latest announcement is out from United States 12 Month Oil Fund LP ( (USL) ).

United States Commodity Funds LLC, the general partner of United States 12 Month Oil Fund LP, has released its audited statements of financial condition as of Dec. 31, 2025 and 2024, prepared under U.S. GAAP and reviewed by BPM LLP, its independent registered public accounting firm. The audit firm issued an unqualified opinion and highlighted loss contingencies from various legal proceedings and regulatory inquiries as a critical audit matter, noting that adverse outcomes could materially affect the company’s financial condition, while the 2025 balance sheet shows modestly lower total assets and member’s equity compared with 2024.

The auditors emphasized the difficulty of estimating potential losses tied to these legal matters, indicating that outcomes remain uncertain and could change in the near term, underscoring ongoing risk for the manager of the oil-focused commodity fund. The Form 8‑K filing clarifies that the furnished financial information is not deemed filed for liability purposes under the Exchange Act, framing the disclosure as primarily informational for investors and other stakeholders monitoring the fund operator’s financial health and risk profile.

More about United States 12 Month Oil Fund LP

United States 12 Month Oil Fund LP is an exchange-traded commodity pool managed by United States Commodity Funds LLC, which structures and operates funds that provide investors with exposure to energy and other commodity futures. The partnership focuses on offering oil-linked investment products that track futures over a 12‑month period, targeting institutional and retail investors seeking commodities diversification within regulated U.S. securities markets.

Average Trading Volume: 28,659

Current Market Cap: $63.65M

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