secwatch.observer — SEC 8-K summary
======================================

Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2025-05-28T23:59:59+00:00
Accession:  0001104659-25-053369
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925053369/0001104659-25-053369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925053369/tm2514809d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-053369

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