---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-029747"
form_type: "8-K"
ticker: "USL"
cik: "0001405528"
company_name: "United States 12 Month Oil Fund, LP"
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T01:38:50.241564+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# USL posts net loss of $1.21M for Feb 2025; NAV per share falls to $37.28

## Summary
- Net loss of $1,210,301 for month ended Feb 28, 2025; total income (loss) of ($1,170,596).
- Unrealized loss on commodity futures of $1,247,392; realized trading loss of $75,308.
- Net asset value per share $37.28, down from prior month beginning NAV of $47,830,383.
- Share count unchanged at 1,250,000; equal additions and withdrawals of 50,000 shares each.

## SEC filing metadata
- accession: 0001104659-25-029747
- form_type: 8-K
- ticker: USL
- cik: 0001405528
- company_name: United States 12 Month Oil Fund, LP
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405528/000110465925029747/0001104659-25-029747-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405528/000110465925029747/tm258856d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-029747
- JSON: https://secwatch.observer/filing/0001104659-25-029747.json
- Plain text: https://secwatch.observer/filing/0001104659-25-029747.txt

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