SA
Sign upLog In
USL logo
United States 12 Month Oil Fund(USL)
Closing price · checked 10:22 PM ETAbout this dataData status
$57.77▲1.26 (2.23%)
Pre-Market:$57.77-0.01 (-0.02%)
WatchlistChart

The United States 12 Month Oil Fund (USL) is an exchange-traded fund that aims to track the price movements of West Texas Intermediate (WTI) crude oil by investing in futures contracts. Its competitive position is bolstered by its focus on long-term oil price trends, providing investors with a hedge against oil price volatility, particularly in the U.S. market.

Financial ServicesAsset Managementmoderate - The fund's operating leverage is moderate as it primarily incurs management fees and trading costs, which are variable and depend on the volume of transactions.

Business Overview

01Futures contracts on WTI crude oil - 100%
02N/A
03N/A

USL generates returns primarily through the appreciation of its futures contracts linked to WTI crude oil prices. The fund benefits from contango and backwardation in the futures market, allowing it to optimize returns based on market conditions. Its competitive advantage lies in its ability to provide retail and institutional investors with direct exposure to oil prices without the complexities of physical oil trading.

What Moves the Stock

Fluctuations in WTI crude oil prices, particularly driven by OPEC+ production decisions

Changes in U.S. oil inventory levels as reported by the EIA

Geopolitical events affecting oil supply, such as tensions in the Middle East

Seasonal demand variations, particularly during summer driving season

Watch on Earnings
Net asset value (NAV) of the fundTracking error relative to WTI crude oil pricesVolume of futures contracts held

Risk Factors

Long-term shift towards renewable energy sources could reduce demand for oil

Regulatory changes impacting oil production and trading

Increased competition from other oil-focused ETFs and funds

Potential for new financial products that offer similar exposure with lower fees

Liquidity risk associated with futures contracts during market volatility

Operational risk related to the management of futures positions

StructuralCompetitiveBalance Sheet

Macro Sensitivity

Economic Cycle

high - The fund's performance is closely tied to global economic activity, which drives oil demand and prices.

Interest Rates

Rising interest rates can increase the cost of financing for oil production and impact economic growth, potentially leading to lower oil demand and prices, which would negatively affect the fund.

Credit

minimal - The fund does not rely heavily on credit for its operations.

Live Conditions
30-Year TreasuryRussell 2000 Futures10-Year TreasuryDow Jones FuturesS&P 500 Futures2-Year Treasury5-Year Treasury30-Day Fed Funds

Profile

growth - Investors looking for exposure to oil price movements and potential capital appreciation.

high - The fund has a high volatility profile due to the inherent fluctuations in oil prices.

Key Metrics to Watch
WTI crude oil price (DCOILWTICO)
EIA weekly oil inventory levels
OPEC production decisions
U.S. gasoline prices (GASPRICE)

Explore More

USL Financial Metrics

Explore 130+ historical metrics & ratios

Stock Comparison

Compare equities side by side

52-Week Highs Breakout

Stocks breaking to new annual highs

52-Week Lows Oversold

S&P 500 oversold value screener

Trending Momentum

Relative strength momentum leaders

Earnings Calendar

Upcoming earnings dates & reports

S&P 500 Screener

Filter and sort all 500 stocks

Market Movers

Today's biggest gainers and losers

Market Heatmap

Visual sector performance

Data is provided for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.