United States 12 Month Oil Fund LP ( (USL) ) has issued an update.
The United States 12 Month Oil Fund, LP released its monthly statement for August 2024, reporting a net loss of $2,530,272. This loss was attributed to realized and unrealized losses on commodity futures, although dividend and interest incomes provided some offset. By month’s end, the fund’s net asset value decreased to $56,489,415, with a per-share value of $37.66 after accounting for withdrawals and the month’s losses.
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