United States 12 Month Oil
United States 12 Month Oil (USL) is an exchange-traded commodity fund that seeks to reflect the price movements of light, sweet crude oil by investing in a rolling portfolio of oil futures contracts with maturities across a 12-month horizon. Investors should know that USL does not hold physical oil or pay dividends; its returns come from changes in futures prices and the fund’s roll strategy. Performance can diverge from spot crude because of roll yield effects (contango or backwardation), basis risk and management costs. With a market capitalisation of about $38.6m, liquidity can be more limited than larger ETFs, which may affect trading spreads. USL is typically used for tactical exposure to oil prices or hedging rather than as a long-term buy-and-hold core holding. Commodity funds can be volatile; values may rise or fall and past performance is not a guide to the future. This is general educational information, not personal investment advice.
Stock Performance Snapshot
Financial Health
United States 12 Month Oil is performing well, with strong cash flow and solid book value.
Dividend
United States 12 Month Oil does not pay a dividend, which may indicate a focus on reinvesting profits for growth. If you invested $1000 you would be paid $0 a year in dividends (based on the last 12 months).
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Baskets Featuring USL
Energy Market Shake-Up: The US-India Oil Dispute
The US has threatened to impose significant tariffs on India for purchasing Russian crude oil, causing a spike in global oil prices. This geopolitical friction could create opportunities for non-Russian oil producers and companies developing alternative energy solutions as nations seek more stable energy supplies.
Published: August 6, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Futures Roll Strategy
The fund maintains exposure by rolling futures across 12 months; this can create roll gains or losses depending on contango or backwardation.
Price Drivers Matter
Supply, demand and geopolitics drive oil volatility—USL moves with futures prices, so expect sharp swings and occasional wide spreads.
Suitability & Liquidity
With a modest market cap, USL may have lower liquidity; it can suit tactical exposure but may be less appropriate as a long-term core holding.
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