<SEC-DOCUMENT>0001171200-22-000171.txt : 20220401
<SEC-HEADER>0001171200-22-000171.hdr.sgml : 20220401
<ACCEPTANCE-DATETIME>20220401163245
ACCESSION NUMBER:		0001171200-22-000171
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220401
DATE AS OF CHANGE:		20220401

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:	333-238283
		FILM NUMBER:		22798786

	BUSINESS ADDRESS:	
		STREET 1:		1850 MT. DIABLO BLVD.
		STREET 2:		SUITE 640
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94596
		BUSINESS PHONE:		(510) 522-9600

	MAIL ADDRESS:	
		STREET 1:		1850 MT. DIABLO BLVD.
		STREET 2:		SUITE 640
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94596
</SEC-HEADER>
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<TYPE>424B3
<SEQUENCE>1
<FILENAME>i22214_usl-424b3.htm
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; background-color: white"><B>Filed pursuant to Rule 424(b)(3)<BR>
File No. 333-238283</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES 12 MONTH OIL FUND, LP</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Supplement dated April 1, 2022</P>

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Prospectus dated April 30, 2021</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This supplement contains information which amends, supplements or modifies
certain information contained in the prospectus of United States 12 Month Oil Fund, LP dated April 30, 2021 (the &ldquo;Prospectus&rdquo;).
Please read it and keep it with your Prospectus for future reference.</P>

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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">You should carefully consider the &ldquo;Risk Factors&rdquo; beginning
on page 4 of the Prospectus before you decide to invest.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Prospectus is being
amended to reflect that effective April 1, 2022, Carolyn M. Yu is no longer the Chief Compliance Officer of United States Commodity Funds,
LLC (USCF), the general partner of the United States Oil Fund, LP (USO), and that Daphne G. Frydman, currently the General Counsel of
USCF, is now also the Director of Compliance of USCF.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">In light of the foregoing:</P>

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<TD STYLE="text-align: justify; width: 0.25in"></TD><TD STYLE="text-align: justify; width: 0.25in">1.</TD><TD STYLE="text-align: justify">The final full paragraph on page 32 of the Prospectus is deleted in its entirety
and replaced with the following:</TD></TR><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
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<TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">The following are individual Principals, as that term is defined in CFTC Rule 3.1, for USCF: John P.
                              Love, Stuart P. Crumbaugh, Daphne G. Frydman, Nicholas D. Gerber, Melinda D. Gerber, Andrew F Ngim, Robert
                              L. Nguyen, Peter M. Robinson, Scott Schoenberger, Gordon L. Ellis, Malcolm R. Fobes III, Ray W. Allen,
                              Kevin A. Baum, and Wainwright Holdings, Inc. The individuals who are Principals due to their positions
                              are John P. Love, Stuart P. Crumbaugh, Daphne G. Frydman, Nicholas D. Gerber, Andrew F Ngim, Robert L.
                              Nguyen, Peter M. Robinson, Gordon L. Ellis, Malcolm R. Fobes III, Ray W. Allen, Kevin A. Baum. In addition,
                              Wainwright is a Principal because it is the sole member of USCF. None of the Principals owns or has any
                              other beneficial interest in USO. Ray W. Allen makes trading and investment decisions for USO. Ray W. Allen
                              and Andrew F Ngim execute trades on behalf of USO. In addition, Nicholas D. Gerber, John P. Love, Robert
                              L. Nguyen, Ray W. Allen, Kevin A. Baum, Kathryn Rooney, Maya Lowry, and Ryan Katz are registered with the
                              CFTC as Associated Persons of USCF and are NFA Associate Members. John P. Love, Kevin A. Baum and Ray W.
                              Allen are also registered with the CFTC as Swaps Associated Persons.</TD></TR>
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<TD STYLE="text-align: justify; width: 0.25in"></TD><TD STYLE="text-align: justify; width: 0.25in">2.</TD><TD STYLE="text-align: justify">The biographical information for Ms. Yu on page 35 of the Prospectus is deleted
in its entirety.</TD></TR></TABLE>

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<TD STYLE="text-align: justify; width: 0.25in"></TD><TD STYLE="text-align: justify; width: 0.25in">3.</TD><TD STYLE="text-align: justify">The following is added to page 34 of the Prospectus, immediately prior to the
biographical information for Nicholas D. Gerber:</TD></TR><TR STYLE="vertical-align: top">
<TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
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<TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="text-align: justify">Daphne G. Frydman, 47, General Counsel of USCF and USCF Advisers, LLC since May 2018, Secretary of
                              USCF since February 2022 and Director of Compliance of USCF since April 2022. She is also the Chief Legal
                              Officer of USCF ETF Trust since May 2018 and Assistant Secretary of the same since 2016. Ms. Frydman served
                              as Deputy General Counsel of USCF and USCF Advisers, LLC from May 2016 through May 2018. From September
                              2001 through April 2016, Ms. Frydman was an attorney in private practice at the law firm Sutherland Asbill
                              &amp; Brennan LLP. Ms. Frydman&rsquo;s application to be a principal of USCF was submitted to the National
                              Futures Association on  April 1, 2022 and remains pending. Ms. Frydman earned her JD from the Northwestern
                              University Pritzker School of Law and a B.A. in College of Letters and Spanish from Wesleyan University.</TD></TR>
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