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FAIR VALUE OF FINANCIAL INSTRUMENTS (Effect of Derivative Instruments on Statements of Operations) (Detail) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]    
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income $ (96,491,490) $ 41,526,920
Commodity Contracts [Member] | Realized gain (loss) on closed positions [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Realized Gain (Loss) on Derivatives Recognized in Income (155,270,440) (215,557,610)
Commodity Contracts [Member] | Change in unrealized gain (loss) on open positions [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Change in Unrealized Gain (Loss) on Derivatives Recognized in Income $ (96,491,490) $ 41,526,920