---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-25-000104"
form_type: "8-K"
ticker: "USL"
cik: "0001405528"
company_name: "United States 12 Month Oil Fund, LP"
filed_at: "2025-03-24T23:59:59+00:00"
generated_at: "2026-05-24T06:25:01.261726+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# USL's GP files audited FY2024 financials; equity down 15% to $5.28M

## Summary
- Total assets of GP $7.13M at Dec 31, 2024, down from $8.69M in 2023.
- Cash and investments $2.27M in money market, no short-term T-bills in 2024.
- Member's equity $5.28M vs $6.22M, a decline of about 15%.
- Management fees receivable $1.23M, concentrated in USO (36%) and UNG (34%).
- Legal contingency: Optimum Strategies lawsuit ongoing; no estimated loss range disclosed.

## SEC filing metadata
- accession: 0001171200-25-000104
- form_type: 8-K
- ticker: USL
- cik: 0001405528
- company_name: United States 12 Month Oil Fund, LP
- filed_at: 2025-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1405528/000117120025000104/0001171200-25-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1405528/000117120025000104/i25113_usl-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-25-000104
- JSON: https://secwatch.observer/filing/0001171200-25-000104.json
- Plain text: https://secwatch.observer/filing/0001171200-25-000104.txt

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