---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-129960"
form_type: "8-K"
ticker: "USL"
cik: "0001405528"
company_name: "United States 12 Month Oil Fund, LP"
filed_at: "2023-12-28T23:59:59+00:00"
generated_at: "2026-06-07T06:17:18.652154+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# USL reports November 2023 monthly net loss of $2.64M; NAV per share $36.86

## Summary
- Net loss of $2,642,986 for month ended November 30, 2023, primarily from unrealized loss of $3.1M on futures.
- Net asset value per share $36.86 with 2,050,000 shares outstanding; NAV beginning month $76.39M.
- Realized trading gain of $216,380 offset by $3.1M unrealized loss; dividend and interest income $299,417 total.
- Total expenses $53,823 including $37,430 in management fees; net loss reduced NAV by $2.64M.

## SEC filing metadata
- accession: 0001104659-23-129960
- form_type: 8-K
- ticker: USL
- cik: 0001405528
- company_name: United States 12 Month Oil Fund, LP
- filed_at: 2023-12-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405528/000110465923129960/0001104659-23-129960-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405528/000110465923129960/tm2332808d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-129960
- JSON: https://secwatch.observer/filing/0001104659-23-129960.json
- Plain text: https://secwatch.observer/filing/0001104659-23-129960.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.