JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
The United States 12 Month Oil Fund, LP (NYSE Arca:USL), currently trading at $34.01 with a market capitalization of $40.73 million, announced today the upcoming departure of Mr. Robert L. Nguyen from its board of directors. Mr. Nguyen, who has served as a Management Director of the Fund’s general partner, United States Commodity Funds LLC (USCF), will retire on May 31, 2025.
The resignation, effective at the end of May, comes as Mr. Nguyen steps down from his roles as Principal and Management Director of USCF. In light of his departure, USCF will not be seeking a replacement. Instead, the board will downsize from four to three Management Directors.
This change in board composition was disclosed in a Form 8-K filing with the Securities and Exchange Commission, confirming that Mr. Nguyen’s decision to resign is part of his retirement plan. The filing did not indicate any disagreement or dispute leading to this decision.
The United States 12 Month Oil Fund, LP, is a Delaware limited partnership with its principal executive offices located in Walnut Creek, California. It is known for providing exposure to the oil market through futures contracts. The Fund is traded on the NYSE Arca under the ticker symbol USL.
The company’s filing ensures transparency with investors and maintains regulatory compliance as it navigates this transition in its leadership.
This news comes directly from an SEC filing and captures a key development for the United States 12 Month Oil Fund and its investors.
In other recent news, the United States 12 Month Oil Fund, LP has released several key financial reports. The fund disclosed its monthly financial statement for March 2025, providing investors with updated data on its performance. This statement, available on the fund’s website, offers transparency regarding the fund’s income and changes in net asset value. Additionally, the fund issued its annual financial statements for the year ending December 31, 2024, as part of a Form 8-K filing with the SEC. These statements reveal the fund’s performance and financial position at the end of the previous year. Furthermore, the fund also reported its audited financial statements as of December 31, 2024, offering insights into the financial condition of its general partner, United States Commodity Funds LLC. These audited financials are part of regulatory requirements to ensure transparency for investors and the public. Lastly, the fund disclosed its monthly account statement for January 2025, detailing its financial status and performance as of the end of that month.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.