Exhibit 99.1

 

United States 12 Month Oil Fund, LP

Monthly Account Statement

For the Month Ended November 30, 2025

 

Statement of Income (Loss)    
Income     
Realized Trading Gain (Loss) on Commodity Futures  $(466,078)
Unrealized Gain (Loss) on Market Value of Commodity Futures   (910,302)
Dividend Income   85,560 
Interest Income   37,170 
Total Income (Loss)  $(1,253,650)
      
Expenses     
General Partner Management Fees  $19,496 
Professional Fees   10,062 
Brokerage Commissions   396 
Directors' Fees and insurance   2,624 
License fees   487 
Total Expenses  $33,065 
Net Income (Loss)  $(1,286,715)
      
      
Statement of Changes in Net Asset Value     
Net Asset Value Beginning of Month 11/1/25  $40,156,722 
Net Income (Loss)   (1,286,715)
      
Net Asset Value End of Month  $38,870,007 
Net Asset Value Per Share (1,150,000 Shares)  $33.80 
      

 

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 November 30, 2025 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