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United States 12 Month Oil Fund, LP (USL)

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Last Post: 11/6/2010 5:48:43 PM - Followers: 2 - Board type: Free - Posts Today: 0


The United States 12 Month Oil Fund, LP ("USL") is an exchange traded security that is designed to track the movements of West Texas Intermediate light, sweet crude oil (WTI). USL issues units that may be purchased and sold on the American Stock Exchange. http://www.unitedstates12monthoilfund.com/

USL’s Objective – The investment objective of USL is to have the changes in percentage terms of the units’ net asset value reflect the 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 12 Futures Contracts on crude oil traded on the New York Mercantile Exchange (the “Benchmark Futures Contracts”), consisting of the near month contract to expire and the contracts for the following eleven months, for a total of 12 consecutive months’ contracts, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contracts that are the next month contract to expire and the contracts for the following eleven consecutive months, less USL’s expenses. When calculating the daily movement of the average price of the 12 contracts each contract month will be equally weighted.

USL’s Portfolio – The portfolio consists of listed crude oil futures contracts and other oil related futures, forwards, and swap contracts. These investments will be collateralized by cash, cash equivalents and US government obligations with remaining maturities of two years or less.

 


 

Performance Charts for 6 Months
 
 


 

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PostSubject
#27   ETF's are on of my favorite ways to OilStockReport 11/06/10 05:48:43 PM
#26   West Texas Intermediate OilStockReport 10/26/10 04:02:11 AM
#25   OPEC's August Output Quota Compliance 53%, Unchanged From zsvq1p 09/13/10 09:26:24 AM
#24   still unclear the direction zsvq1p 06/13/10 11:33:52 AM
#23   Let's compare again... zsvq1p 04/28/10 09:08:12 AM
#22   NO... USO is better.. lol zsvq1p 02/18/10 08:15:12 AM
#21   Just me.. better then USO zsvq1p 01/12/10 01:04:14 PM
#20   no etf seem to follow spot oil zsvq1p 12/09/09 03:07:30 PM
#19   I think this one going down.... zsvq1p 11/14/09 04:31:17 PM
#18   Still here zsvq1p 09/23/09 07:12:59 AM
#17   Hello! zsvq1p 07/10/09 01:02:52 PM
#16   12 Futures don't follow WTIC spot price! zsvq1p 06/15/09 07:22:32 AM
#15   In the moment zsvq1p 03/30/09 05:16:14 PM
#14   Added some performance charts to compare to USO, zsvq1p 03/09/09 07:40:05 AM
#13   LOL... yep zsvq1p 03/01/09 03:08:36 PM
#12   The player's took notice............ BleeckerStreet 03/01/09 02:43:25 PM
#11   No doubt what you said was reason... zsvq1p 03/01/09 02:34:17 PM
#10   I would appreciate your opinion on oil prices.. Thanks! zsvq1p 02/28/09 10:15:46 AM
#9   Article dated Feb 9,2009......... BleeckerStreet 02/14/09 04:23:22 PM
#8   Hey Giff, BleeckerStreet 02/14/09 04:07:42 PM
#7   Big volumes coming in now... zsvq1p 02/13/09 06:48:43 AM
#6   continues to outperform zsvq1p 01/16/09 06:26:32 AM
#5   Still here zsvq1p 01/05/09 07:10:26 AM
#4   I wonder if that places it closer to zsvq1p 05/11/08 10:15:18 PM
#3   USL currently has a short-term performance edge... frenchee 05/11/08 09:58:23 PM
#2   USL vs USO zsvq1p 05/11/08 09:52:18 PM
#1   Currently very thinly traded... frenchee 05/11/08 09:52:06 PM
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