USL reports 2024 net income of $5.1M vs loss in 2023; NAV rises to $38.01

United States 12 Month Oil Fund, LP

Net income of $5.06M ($2.78 per share) for 2024, compared to net loss of $56,520 ($0.22 per share) in 2023.
Total partners' capital declined to $49.4M from $66.9M, driven by $22.6M in share redemptions (600,000 shares).
Net asset value per share increased to $38.01 from $35.23, a 7.9% gain.
Total income (trading gains, dividends, interest) rose to $5.68M from $0.55M in 2023.
Realized gains on closed futures contracts of $1.15M vs realized losses of $3.99M in 2023.

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