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Upturn AI SWOT - About
United States 12 Month Oil Fund LP (USL)
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Upturn Advisory Summary
10/23/2025: USL (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -18.31% | Avg. Invested days 40 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.94 | 52 Weeks Range 31.00 - 41.75 | Updated Date 06/30/2025 |
52 Weeks Range 31.00 - 41.75 | Updated Date 06/30/2025 |
Upturn AI SWOT
United States 12 Month Oil Fund LP
ETF Overview
Overview
The United States 12 Month Oil Fund LP (USL) is designed to track the daily changes in percentage terms of the price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the average of the prices of the next 12 months' futures contracts on light, sweet crude oil. It aims to reflect the performance of near-term oil futures contracts.
Reputation and Reliability
United States Commodity Funds LLC (USCF) is a specialized ETF issuer focused on commodity-related investment products.
Management Expertise
USCF has expertise in managing commodity ETFs, particularly those related to energy markets.
Investment Objective
Goal
To track the daily changes in percentage terms of the spot price of light, sweet crude oil.
Investment Approach and Strategy
Strategy: USL employs a futures-based strategy, rolling contracts to maintain exposure to the next 12 months of oil futures.
Composition The ETF primarily holds futures contracts on light, sweet crude oil.
Market Position
Market Share: USL has a moderate market share among oil futures-based ETFs.
Total Net Assets (AUM): 86740000
Competitors
Key Competitors
- United States Oil Fund LP (USO)
- Invesco DB Oil Fund (DBO)
- ProShares Ultra Bloomberg Crude Oil (UCO)
Competitive Landscape
The oil ETF market is competitive with several funds tracking similar benchmarks. USL competes on its specific contract rolling strategy, while USO is a more popular fund with a larger AUM. DBO uses an optimized method for rolling oil contracts. USL faces the typical challenges of contango and backwardation, which are present in all oil futures ETFs.
Financial Performance
Historical Performance: Historical performance is highly correlated with crude oil prices. Long-term performance is significantly impacted by the cost of rolling futures contracts.
Benchmark Comparison: USL's performance is benchmarked against crude oil prices. Due to the costs associated with the strategy, its returns may be lower than the crude oil spot price return.
Expense Ratio: 0.79
Liquidity
Average Trading Volume
The average trading volume of USL is moderate, providing sufficient liquidity for most investors.
Bid-Ask Spread
The bid-ask spread can vary depending on market conditions, impacting trading costs.
Market Dynamics
Market Environment Factors
USL's performance is significantly influenced by supply and demand dynamics in the oil market, geopolitical events, and macroeconomic factors.
Growth Trajectory
USL's growth is driven by investor demand for exposure to oil prices, with holdings adjusted based on market trends and investor activity.
Moat and Competitive Advantages
Competitive Edge
USL's competitive edge lies in its targeted approach to tracking the next 12 months' oil futures contracts, differentiating it from ETFs focusing solely on front-month contracts. It provides investors with exposure to near-term oil prices with reduced volatility compared to front-month only contracts. However, this also dilutes the immediate price impact. This focused strategy allows investors to fine-tune their exposure to the oil market.
Risk Analysis
Volatility
USL experiences significant volatility due to its direct exposure to crude oil futures contracts.
Market Risk
USL faces market risks related to fluctuations in oil prices, geopolitical events, and changes in supply and demand dynamics.
Investor Profile
Ideal Investor Profile
USL is suitable for investors seeking tactical exposure to crude oil prices for short-to-medium term trading strategies.
Market Risk
USL is best suited for active traders who understand the dynamics of oil futures markets.
Summary
The United States 12 Month Oil Fund LP (USL) provides investors with exposure to crude oil prices through futures contracts. Its focus on the next 12 months contracts distinguishes it from other oil ETFs which concentrate on front-month contracts. USL is sensitive to market fluctuations and geopolitical events. Active traders who comprehend the complexity of oil markets are most fitted to trade this fund. However, due to the fund's potential volatility and complexities, it is not ideal for long-term investors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- USCF Website
- ETF.com
- Bloomberg
- Morningstar
Disclaimers:
The data provided is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About United States 12 Month Oil Fund LP
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.