EX-99.1 2 tm2012587d4_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended February 29, 2020

Statement of Income (Loss)
Income
Realized Trading Gain (Loss) on Futures		$	(429,313	)
Unrealized Gain (Loss) on Market Value of Futures			(4,715,827	)
Dividend Income			10,279
Interest Income			48,233
Total Income (Loss)		$	(5,086,628	)
Expenses
General Partner Management Fees		$	21,710
Professional Fees			8,650
Brokerage Commissions			477
Non-interested Directors' Fees and Expenses			497
Prepaid Insurance Expense			464
NYMEX License Fee			543
Total Expenses		$	32,341
Net Income (Loss)		$	(5,118,969	)

Statement of Changes in Net Asset Value
Net Asset Value Beginning of Month 2/1/20		$	45,581,430
Net Income (Loss)			(5,118,969	)
Net Asset Value End of Month		$	40,462,461
Net Asset Value Per Share (2,250,000 Shares)		$	17.98

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 February 29, 2020 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