USL posts net loss of $56,520 in FY2023 vs net income of $38.4M in FY2022

United States 12 Month Oil Fund, LP

Net loss of $56,520 for 2023; net income of $38,362,556 in 2022. Revenue primarily from dividends and interest.
NAV per share fell to $35.23 from $35.45; shares outstanding dropped from 2.35M to 1.9M.
Total partners' capital decreased from $83.3M to $66.9M due to net redemptions of 1.05M shares.
Unrealized loss on open futures contracts improved to ($2.06M) from ($3.13M) at year-end.

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