secwatch.observer — SEC 8-K summary
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Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001104659-25-029747
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925029747/0001104659-25-029747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925029747/tm258856d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-029747

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer