<SEC-DOCUMENT>0001171200-17-000378.txt : 20170905
<SEC-HEADER>0001171200-17-000378.hdr.sgml : 20170904
<ACCEPTANCE-DATETIME>20170901181103
ACCESSION NUMBER:		0001171200-17-000378
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20170905
DATE AS OF CHANGE:		20170901

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			United States 12 Month Oil Fund, LP
		CENTRAL INDEX KEY:			0001405528
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				260431897
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-216817
		FILM NUMBER:		171067128

	BUSINESS ADDRESS:	
		STREET 1:		1999 HARRISON STREET
		STREET 2:		SUITE 1530
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94612
		BUSINESS PHONE:		(510) 522-9600

	MAIL ADDRESS:	
		STREET 1:		1999 HARRISON STREET
		STREET 2:		SUITE 1530
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94612
</SEC-HEADER>
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<TYPE>424B3
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Filed pursuant to Rule 424(b)(3)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>File No. 333-216817</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>United
States 12 Month OIL  Fund, LP</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Supplement 1 dated September 5, 2017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>to</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Prospectus dated April 28, 2017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>This supplement contains information which amends, supplements
or modifies certain information contained in the Prospectus of United States 12 Month Oil Fund, LP (&ldquo;USL&rdquo;) dated April
28, 2017. Please read it and keep it with your Prospectus for future reference.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On March 22, 2017, the Securities and Exchange Commission adopted
amendments to Rule 15c6-1(a) under the Securities Exchange Act of 1934 to shorten the standard settlement cycle for securities
trades from trade date plus three business days (&ldquo;T+3&rdquo;) to trade date plus two business days (&ldquo;T+2&rdquo;). To
facilitate this change, the NYSE Arca Equities Rules have been amended to provide that regular way settlement will occur on a T+2
basis for trades occurring on or after the SEC's implementation date of September 5, 2017. The timing for settling accepted orders
for creation and redemption of baskets for USL has been revised to comply with the new requirement. Therefore, orders accepted
on or after September 5, 2017 will settle on T+2. Orders accepted before September 5, 2017 remain subject to the existing requirement
and will settle on T+3. To reflect this change, the disclosure in the Prospectus has been revised as set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>The section entitled &ldquo;<I>Delivery of
Required Deposits</I>,&rdquo; which is listed in the &ldquo;Creation and Redemption of Shares&rdquo; section of the
Prospectus and appears on pages 53 and 54, is amended by replacing the word &ldquo;third&rdquo; located in each of the first
and second sentences of the first paragraph before the words &ldquo;business day&rdquo; with the word &ldquo;second.&rdquo; </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>The section entitled &ldquo;<I>Redemption Procedures</I>,&rdquo;
which is listed in the &ldquo;Creation and Redemption of Shares&rdquo; section of the Prospectus and appears on page 54, is amended
by replacing the word &ldquo;third&rdquo; located in the second sentence of the third paragraph before the words &ldquo;business
day&rdquo; with the word &ldquo;second.&rdquo; </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>The section entitled &ldquo;<I>Delivery of Redemption Distribution,</I>&rdquo;
which is listed in the &ldquo;Creation and Redemption of Shares&rdquo; section of the Prospectus and appears on page 55, is amended
by replacing the word &ldquo;third&rdquo; located in each of two places in the first sentence and in the last sentence of the first
paragraph before the words &ldquo;business day&rdquo; with the word &ldquo;second.&rdquo; </B></P>

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