United States 12 Month Oil Fund, LP (USL)Commodities Focused | Exchange Traded Fund | NYSEArca
49.18 USD
+2.56
(5.499%)
⇧
(July 13, 2026, 3:55 p.m.
EDT)
After hours: 49.75 +0.57 (1.161%) ⇧ (July 13, 2026, 7:46 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 6 a.m. EDT
The United States 12 Month Oil Fund is currently trapped in a defensive posture, offering no compelling case for either aggressive growth or deep value. While the fund has delivered a spectacular 101% return over the last nine years, the most recent annual performance was a decline of nearly 10%, signaling that the commodity supercycle may be pausing or correcting. Crucially, this security pays no dividends, meaning investors rely entirely on price appreciation to generate returns, which is a risky strategy given the recent downward trend. Technically, the stock is trading below its 50-day moving average, confirming short-term weakness, though it remains above the 200-day line, suggesting the broader downtrend isn't fully established yet. Options data reveals a mixed bag of sentiment: while some traders are buying calls targeting a rebound to $50, the heavy put positioning suggests a fear of further downside. Without a catalyst to push oil prices higher or a reliable income stream, this instrument remains a neutral hold for now. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.054546 |
| MSTL | 0.054685 |
| AutoTheta | 0.054874 |
| AutoARIMA | 0.131491 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 46% |
| H-stat | 6.90 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.053 |
| Excess Kurtosis | -0.80 |
As of July 11, 2026, 6 a.m. EDT: Speculators are positioning for continued volatility rather than a clear directional breakout. In the near term (July 2026), there is a heavy concentration of out-of-the-money call open interest at the $50 strike, suggesting a speculative bet on a rally toward that level. However, this is balanced by significant put open interest at the same $50 strike for October 2026, creating a 'strangle' scenario where traders are betting on a move away from current prices but are hedged against a specific crash. The lack of volume in deep out-of-the-money calls for later expirations indicates skepticism about a massive, sustained bull run.
| Attribute | Value |
|---|---|
| All Time High | 89.24 |
| All Time Low | 9.5 |
| Ask | 49.32 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 15,420 |
| Average Daily Volume3 Month | 30,278 |
| Average Volume | 30,278 |
| Average Volume10Days | 15,420 |
| Beta3 Year | 1.36 |
| Bid | 49.02 |
| Bid Size | 700 |
| Category | Commodities Focused |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 49.245 |
| Day Low | 47.4544 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 50.9078 |
| Fifty Day Average Change | -1.7285995 |
| Fifty Day Average Change Percent | -0.033955496 |
| Fifty Two Week Change Percent | 28.394377 |
| Fifty Two Week High | 56.75 |
| Fifty Two Week High Change | -7.570801 |
| Fifty Two Week High Change Percent | -0.13340618 |
| Fifty Two Week Low | 32.25 |
| Fifty Two Week Low Change | 16.9292 |
| Fifty Two Week Low Change Percent | 0.52493644 |
| Fifty Two Week Range | 32.25 - 56.75 |
| First Trade Date Milliseconds | 1,196,951,400,000 |
| Five Year Average Return | 0.1250487 |
| Full Exchange Name | NYSEArca |
| Fund Family | USCF Investments |
| Fund Inception Date | 1,196,899,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels. The Benchmark Oil Futures Contracts are the futures contracts on light, sweet crude oil as traded on the New York Mercantile Exchange. |
| Long Name | United States 12 Month Oil Fund, LP |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_35428783 |
| Nav Price | 46.696 |
| Net Assets | 40,572,084.0 |
| Net Expense Ratio | 1.01 |
| Open | 47.31 |
| Post Market Change | 0.5708008 |
| Post Market Change Percent | 1.1606549 |
| Post Market Price | 49.75 |
| Post Market Time | 1,783,986,403 |
| Previous Close | 46.616 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 2.5632 |
| Regular Market Change Percent | 5.49854 |
| Regular Market Day High | 49.245 |
| Regular Market Day Low | 47.4544 |
| Regular Market Day Range | 47.4544 - 49.245 |
| Regular Market Open | 47.31 |
| Regular Market Previous Close | 46.616 |
| Regular Market Price | 49.1792 |
| Regular Market Time | 1,783,972,516 |
| Regular Market Volume | 20,605 |
| Short Name | United States 12 Month Oil |
| Source Interval | 15 |
| Symbol | USL |
| Three Year Average Return | 0.1148543 |
| Total Assets | 40,572,084 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -5.66669 |
| Trailing Three Month Returns | -5.66669 |
| Triggerable | 1 |
| Two Hundred Day Average | 41.55365 |
| Two Hundred Day Average Change | 7.6255493 |
| Two Hundred Day Average Change Percent | 0.18351094 |
| Type Disp | ETF |
| Volume | 20,605 |
| Yield | 0.0 |
| Ytd Return | 35.32255 |