United States 12 Month Oil Fund Reports September Loss

United States 12 Month Oil Fund LP ( (USL) ) has provided an announcement.

The United States 12 Month Oil Fund reported a net loss of approximately $2.6 million for September 2024, driven by significant realized and unrealized losses on commodity futures, despite gains from dividend and interest income. The net asset value decreased from $56.5 million to $53.9 million, reflecting the challenging market conditions impacting the fund’s performance.

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