---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-124472"
form_type: "8-K"
ticker: "USL"
cik: "0001405528"
company_name: "United States 12 Month Oil Fund, LP"
filed_at: "2025-12-29T23:59:59+00:00"
generated_at: "2026-05-16T12:05:37.960145+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# USL November 2025 monthly account statement: NAV $33.80, net loss $1.29M

## Summary
- Net loss of $1,286,715 for November 2025, driven by $1,376,380 in net trading losses.
- NAV fell from $40.16M to $38.87M; NAV per share $33.80 on 1.15M shares outstanding.
- Total income (loss) of ($1,253,650) from trading and interest; expenses of $33,065.
- Monthly statement filed under CFTC Rule 4.22; no guidance or material event.

## SEC filing metadata
- accession: 0001104659-25-124472
- form_type: 8-K
- ticker: USL
- cik: 0001405528
- company_name: United States 12 Month Oil Fund, LP
- filed_at: 2025-12-29T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405528/000110465925124472/0001104659-25-124472-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405528/000110465925124472/tm2533092d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-124472
- JSON: https://secwatch.observer/filing/0001104659-25-124472.json
- Plain text: https://secwatch.observer/filing/0001104659-25-124472.txt

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