---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-053369"
form_type: "8-K"
ticker: "USL"
cik: "0001405528"
company_name: "United States 12 Month Oil Fund, LP"
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T07:43:53.142841+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# USL reports $7.57M net loss for April; NAV falls to $38.4M ($32.00/unit)

## Summary
- Net loss of $7,569,401 for April 2025, mainly from unrealized trading loss of $6,686,920.
- Net asset value decreased from $47.77M to $38.40M; NAV per share $32.00 (1,200,000 shares).
- Realized trading loss of $997,110; dividend and interest income of $136,279 partially offset.
- No guidance or forward-looking statements; routine monthly statement per CFTC Rule 4.22.

## SEC filing metadata
- accession: 0001104659-25-053369
- form_type: 8-K
- ticker: USL
- cik: 0001405528
- company_name: United States 12 Month Oil Fund, LP
- filed_at: 2025-05-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405528/000110465925053369/0001104659-25-053369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405528/000110465925053369/tm2514809d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-053369
- JSON: https://secwatch.observer/filing/0001104659-25-053369.json
- Plain text: https://secwatch.observer/filing/0001104659-25-053369.txt

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