8-K: US 12 Month Oil Fund Reports March 2026 Results

United States 12 Month Oil Fund, LP has released its monthly account statement for March 2026, showing a net income of $11.28 million and an increase in Net Asset Value.

Summary

• The United States 12 Month Oil Fund, LP reported its monthly account statement for the period ending March 31, 2026.
• The fund generated a total income of $11,326,955, primarily driven by trading gains.
• Total expenses for the month were $42,583.
• The net income for the month was $11,284,372.
• The Net Asset Value (NAV) increased from $43,981,289 at the beginning of the month to $59,736,158 at the end of the month.
• The NAV per share was $47.79 as of March 31, 2026, based on 1,250,000 shares outstanding.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive report due to the substantial net income and growth in Net Asset Value, driven by strong trading performance in commodity futures.

Positives

• Significant net income of $11,284,372 for the month.
• Strong realized and unrealized trading gains totaling $11,155,890.
• Increase in Net Asset Value from $43,981,289 to $59,736,158.
• Positive NAV per share growth to $47.79.

Negatives

• The filing does not explicitly detail any negative financial performance or significant losses.

Risks

• The fund's performance is subject to the volatility of commodity futures markets.
• Potential for realized and unrealized losses on commodity futures trading.

Future Outlook

No specific forward-looking statements or guidance were provided in this monthly account statement filing.

Management Comments

• To the Limited Partners of United States 12 Month Oil Fund, LP: Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended March 31, 2026 is accurate and complete.

Industry Context

StockSavvy.ai notes that this filing reflects the performance of a commodity-focused investment fund. The significant gains in realized and unrealized trading highlight the inherent volatility and potential for high returns in oil futures markets, which is typical for such funds.

Stakeholder Impact

• Shareholders: Positive impact due to the increase in Net Asset Value and net income, suggesting a favorable return on investment for the month.

Next Steps

• Continue to monitor the fund's performance based on monthly account statements.
• Review future filings for any changes in trading strategy or market conditions affecting the fund.

Key Dates

Recommendation

The filing shows a strong month for the fund with significant gains and NAV growth. However, as a commodity fund, its performance is inherently volatile. A 'hold' recommendation is appropriate, suggesting investors maintain their current positions while acknowledging the potential for both gains and losses in this asset class.

Keywords

Oil Fund, Commodity Futures, SEC Filing, 8-K, Financial Statement, Net Asset Value, Trading Gains, March 2026