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

Issuer:     United States 12 Month Oil Fund, LP (USL)
CIK:        0001405528
Form:       8-K
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0001104659-25-124472
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925124472/0001104659-25-124472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1405528/000110465925124472/tm2533092d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-124472

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