EX-99.1 2 tm1919624d3_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

United States 12 Month Oil Fund, LP
Monthly Account Statement
For the Month Ended October 31, 2019
Statement of Income (Loss)
Income
Realized Trading Gain (Loss) on Futures		$	(1,532,167	)
Unrealized Gain (Loss) on Market Value of Futures			2,362,777
Dividend Income			14,596
Interest Income			71,199
Total Income (Loss)		$	916,405
Expenses
General Partner Management Fees		$	26,579
Professional Fees			9,247
Brokerage Commissions			541
Non-interested Directors' Fees and Expenses			696
Prepaid Insurance Expense			496
NYMEX License Fee			664
Total Expenses		$	38,223
Net Income (Loss)		$	878,182

Statement of Changes in Net Asset Value
Net Asset Value Beginning of Month 10/1/19		$	51,414,073
Net Income (Loss)			878,182
Net Asset Value End of Month		$	52,292,255
Net Asset Value Per Share (2,550,000 Shares)		$	20.51

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 October 31, 2019 is accurate and complete.

/s/ Stuart P. Crumbaugh

Stuart P. Crumbaugh

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States 12 Month Oil Fund, LP

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596