8-K: US 12 Month Oil Fund Reports Strong August 2026 Performance

United States 12 Month Oil Fund, LP reported a net income of $2,128,917 for the month ended August 31, 2026, driven by significant gains in commodity futures.

Summary

• The United States 12 Month Oil Fund, LP reported a net income of $2,128,917 for the month ended August 31, 2026.
• Total income for the month was $2,169,885, primarily from realized and unrealized gains on commodity futures.
• Expenses totaled $40,968, including management fees, professional fees, and brokerage commissions.
• The Net Asset Value (NAV) at the end of the month was $44,487,522, with a NAV per share of $52.34.
• There were withdrawals totaling $2,605,950 during the month, representing 50,000 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive report, indicating strong performance in commodity futures trading and income generation for the period.

Positives

• Strong net income of $2,128,917 for the month.
• Significant realized trading gains on commodity futures of $744,539.
• Substantial unrealized gains on the market value of commodity futures amounting to $1,293,169.
• Dividend income of $101,189 contributed positively to overall income.
• Interest income of $30,638 further boosted earnings.
• Net Asset Value per share remained healthy at $52.34.

Negatives

• Withdrawals of $2,605,950 were made during the month, reducing the overall Net Asset Value.

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 August 31, 2026 is accurate and complete.

Industry Context

StockSavvy.ai notes that this filing reflects the performance of a commodity-focused investment fund. The strong gains in commodity futures are indicative of market conditions during August 2026, which likely saw volatility and price appreciation in oil markets, benefiting funds with exposure to these assets.

Stakeholder Impact

• Shareholders: Positive impact due to strong net income and realized/unrealized gains, leading to a healthy Net Asset Value per share. However, withdrawals may affect overall fund size and liquidity.

Key Dates

Recommendation

The filing shows a strong month for the fund with significant gains in commodity futures. However, without broader market context, forward-looking guidance, or comparison to peers, a 'hold' recommendation is prudent, allowing for further observation of sustained performance and market conditions.

Keywords

Oil Fund, Commodity Futures, Income Statement, Net Asset Value, Trading Gains, Monthly Statement, Investment Performance