USL - United States 12 Month Oil Fund, LP

NYSEArca - Nasdaq Real Time Price. Currency in USD
23.57
+0.15 (+0.64%)
As of 11:39AM EDT. Market open.
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Previous Close23.42
Open23.50
Bid0.00 x 3100
Ask0.00 x 2200
Day's Range23.44 - 23.68
52 Week Range17.05 - 28.54
Volume10,997
Avg. Volume13,501
Net Assets62.86M
NAV23.55
PE Ratio (TTM)N/A
Yield0.00%
YTD Return32.14%
Beta (3Y Monthly)1.84
Expense Ratio (net)0.82%
Inception Date2007-12-06
Trade prices are not sourced from all markets
  • Where US Crude Oil Could Be by Next Week
    Market Realist3 days ago

    Where US Crude Oil Could Be by Next Week

    What Impacted Your Energy Portfolio?(Continued from Prior Part)Oil’s implied volatilityOn May 16, US crude oil’s implied volatility was 25.2%, which is 5.3% below its 15-day average. Usually, lower implied volatility supports oil prices. The

  • The Oil’s Futures Spread’s Impact on Energy ETFs
    Market Realist6 days ago

    The Oil’s Futures Spread’s Impact on Energy ETFs

    Why Oil's Losing Momentum(Continued from Prior Part)Forward curveAs of May 13, US crude oil futures contracts until August are priced in ascending order. The price pattern is a negative sign for ETFs that follow US crude oil futures, including the

  • Forecasting US Crude Oil Prices
    Market Realist10 days ago

    Forecasting US Crude Oil Prices

    How Oil and Equity Market Are Affecting Your Energy Portfolio(Continued from Prior Part)Oil’s implied volatilityOn May 9, US crude oil’s implied volatility was 28%, which is 12.9% above its 15-day average. Usually, lower implied volatility

  • US Crude Oil: Target Price Next Week
    Market Realist21 days ago

    US Crude Oil: Target Price Next Week

    What's Dragging the Energy Space Down?(Continued from Prior Part)Oil’s implied volatilityOn April 25, US crude oil’s implied volatility was 22%, which is 2.7% below its 15-day average. Usually, lower implied volatility supports oil prices. The

  • Crude Oil’s Implied Volatility and Price Forecast
    Market Realistlast month

    Crude Oil’s Implied Volatility and Price Forecast

    What Helped Your Energy Portfolio Overcome Oil's Weakness?(Continued from Prior Part)Oil’s implied volatility On April 17, US crude oil’s implied volatility was 22.1%, which is 5.5% below its 15-day average. Usually, lower implied volatility

  • Futures Spread: Bullish Sentiments Fall for Oil
    Market Realistlast month

    Futures Spread: Bullish Sentiments Fall for Oil

    Has Oil Lost Its Uptrend?(Continued from Prior Part)Futures spread On April 15, the US crude oil May 2019 futures closed ~$2 above the May 2020 futures. On April 8, the futures spread was at a premium of $3.5. On April 8–15, US crude oil May

  • Analyzing US Crude Oil’s Price Forecast
    Market Realistlast month

    Analyzing US Crude Oil’s Price Forecast

    Why Energy ETFs Underperformed Oil's Gains?(Continued from Prior Part)Oil’s implied volatility On April 11, US crude oil’s implied volatility was 23.1%, which is 5% below its 15-day average. Usually, lower implied volatility supports oil prices.

  • Where US Crude Oil Could Head in the Next Week
    Market Realistlast month

    Where US Crude Oil Could Head in the Next Week

    What Hindered Rise in Energy ETFs?(Continued from Prior Part)Oil’s implied volatilityOn April 4, US crude oil’s implied volatility was 22.6%, 10.3% below its 15-day average. Usually, lower implied volatility supports oil prices. The below chart

  • Where US Crude Oil Could Be in Early April
    Market Realist2 months ago

    Where US Crude Oil Could Be in Early April

    What Has Limited Your Energy Portfolio Gains in Q1?(Continued from Prior Part)Oil’s implied volatility On March 28, US crude oil’s implied volatility was 25.8%—on par with its 15-day average. Usually, lower implied volatility supports oil

  • Market Realist2 months ago

    Economic Concerns Pull Oil Prices Down

    Where US Crude Oil Could Head by the End of March(Continued from Prior Part)Economic concerns and oil prices On March 22, at 11:48 AM EDT, US crude oil May futures fell 2.2% from their previous close. Concerns surrounding a slowdown in Europe’s

  • Make the Most of the Oil Rush With These ETFs
    Zacks2 months ago

    Make the Most of the Oil Rush With These ETFs

    Given the clouds over the outlook for oil investment, investors should place their bet on oil ETFs cautiously or could take advantage of the quick turn in sentiment with the help of leveraged or inverse ETFs.

  • Future Spread: Oil Sentiments Changed
    Market Realist2 months ago

    Future Spread: Oil Sentiments Changed

    Why Oil's Rise Might Be Unstoppable(Continued from Prior Part)Futures spread On March 18, the US crude oil May 2019 futures closed ~$0.24 above the May 2020 futures. On March 11, the futures spread was at a discount of $1.2. On March 11–18, US

  • Where Oil Prices Could Be by Next Week
    Market Realist2 months ago

    Where Oil Prices Could Be by Next Week

    What's behind Your Energy Portfolio Gains?(Continued from Prior Part)Oil’s implied volatility On March 14, US crude oil’s implied volatility was 24.5%, which was 11.4% below its 15-day average. Usually, lower implied volatility supports oil

  • Where US Crude Oil Could Be until March 15?
    Market Realist2 months ago

    Where US Crude Oil Could Be until March 15?

    What's Weakening Your Energy Portfolio?(Continued from Prior Part)Oil’s implied volatility On March 7, US crude oil’s implied volatility was 26.2%, which was 6.4% below its 15-day average. Usually, lower implied volatility might support oil

  • Oil: Important Price Levels Next Week
    Market Realist3 months ago

    Oil: Important Price Levels Next Week

    Has the Energy Portfolio Distanced Itself from Oil?(Continued from Prior Part)Oil’s implied volatility On February 28, US crude oil’s implied volatility was 29.8%, which was almost on par with its 15-day average. Usually, lower implied

  • Where US Crude Oil Could Be until March 1
    Market Realist3 months ago

    Where US Crude Oil Could Be until March 1

    Energy Sector Is Isolated from Trade Talk Optimism(Continued from Prior Part)Oil’s implied volatilityOn February 21, US crude oil’s implied volatility was 27.6%, which was ~10% below its 15-day average. Usually, lower implied volatility might

  • Where WTI Crude Oil Could Be Next Week
    Market Realist3 months ago

    Where WTI Crude Oil Could Be Next Week

    Energy Portfolio Gains on Oil's Rise(Continued from Prior Part)Oil’s implied volatility On February 14, US crude oil’s implied volatility was 29.2%, which was ~10% below its 15-day average. Usually, a lower implied volatility might support oil

  • Which Oil ETFs Outperformed Oil Last Week?
    Market Realist3 months ago

    Which Oil ETFs Outperformed Oil Last Week?

    Energy Sector: Key Highlights Last Week(Continued from Prior Part)Oil-tracking ETFsOn January 25–February 1, the United States Oil ETF (USO), the United States 12-Month Oil ETF (USL), and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose

  • Where Could US Crude Oil Prices Be in the Next Week?
    Market Realist3 months ago

    Where Could US Crude Oil Prices Be in the Next Week?

    What Helped Your Energy Portfolio?(Continued from Prior Part)Oil’s implied volatility On January 31, US crude oil’s implied volatility was 35.8%, which was ~2.7% below its 15-day average. Usually, lower implied volatility might support oil

  • Oil-Tracking ETFs Outperformed Oil Last Week
    Market Realist4 months ago

    Oil-Tracking ETFs Outperformed Oil Last Week

    Your Energy Review for the Week Ended January 25(Continued from Prior Part)Oil-tracking ETFs Between January 18 and January 25, the United States Oil ETF (USO), the United States 12-Month Oil ETF (USL), and the ProShares Ultra Bloomberg Crude Oil ETF

  • Where US Crude Oil Might Move Next Week
    Market Realist4 months ago

    Where US Crude Oil Might Move Next Week

    Why the Energy Portfolio Didn't Match Oil's Gains This Week(Continued from Prior Part)Oil’s implied volatility On January 24, US crude oil’s implied volatility was 34.7%, which was ~16.6% below its 15-day average. Usually, lower implied

  • Did Oil-Tracking ETFs Underperform Oil Last Week?
    Market Realist4 months ago

    Did Oil-Tracking ETFs Underperform Oil Last Week?

    Your Energy Review for the Week Ended January 18(Continued from Prior Part)Oil-tracking ETFs Between January 11 and January 18, the United States Oil ETF (USO), the United States 12-Month Oil ETF (USL), and the ProShares Ultra Bloomberg Crude Oil ETF

  • Where US Crude Oil Could Head Next Week
    Market Realist4 months ago

    Where US Crude Oil Could Head Next Week

    Broader Market Supported the Energy Portfolio(Continued from Prior Part)Oil’s implied volatility On January 17, US crude oil’s implied volatility was 35.5%, which was ~23.2% below its 15-day average. Usually, a lower implied volatility might

  • Did Oil ETFs Underperform WTI Prices Last Week?
    Market Realist4 months ago

    Did Oil ETFs Underperform WTI Prices Last Week?

    Energy's Performance Last Week—and What's on the Agenda This Week (Continued from Prior Part) ## Oil-tracking ETFs Between January 4 and January 11, the United States Oil ETF (USO), the United States 12-Month Oil ETF (USL), and the ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 7.1%, 6.2%, and 14.4%, respectively. These ETFs track US crude oil futures. USO holds active US crude oil futures, while USL holds US crude oil futures deliverable for each of the next 12 months. UCO tracks daily changes in the Bloomberg WTI Crude Oil Subindex. USO and USL underperformed US crude oil February futures, which rose 7.6% last week. Higher oil prices can boost oil-weighted stocks. Whiting Petroleum (WLL), Hess Corporation (HES), and Callon Petroleum (CPE), the strongest oil-weighted stocks, rose 10.9%, 12.2%, and 16%, respectively, last week. ## Long-term returns and the forward curve Between February 11, 2016, and January 11, 2019, US crude oil active futures rose 96.8% from their 12-year low. USO, USL, and UCO rose 36.4%, 41.6%, and 29.3%, respectively. A negative roll yield, which occurs when expiring futures contract prices are lower than the following month’s futures contract prices, may have caused the lower returns. UCO’s actual and expected returns could also be different due to daily price changes.  In a cost-of-carry model, ETFs’ underperformances due to negative roll yields reflect storage costs. On January 11, US crude oil futures for delivery between February and August 2019 closed in ascending order, which could be a negative sign for these ETFs’ returns. Continue to Next Part Browse this series on Market Realist: * Part 1 - The China Factor Could Drag on Oil This Week * Part 2 - Oil’s Rise Wasn’t the Only Driver of Energy’s Score Last Week * Part 3 - These Upstream and Oilfield Stocks Outperformed Energy Last Week

  • Futures Spread: Less Bearish Sentiments for Oil?
    Market Realist4 months ago

    Futures Spread: Less Bearish Sentiments for Oil?

    Will Oil Shift to a Higher Gear? (Continued from Prior Part) ## Futures spread On January 7, US crude oil February 2019 futures closed ~$3.1 below the February 2020 futures. On December 31, the futures spread was at a discount of ~$3.2. On December 31–January 7, US crude oil February futures rose 6.8%. ## Bearish sentiments reduced for oil The market sentiment towards the oil demand and supply situation is reflected in the futures spread. A contraction in the discount is usually accompanied by a rise in oil prices. In the last four trading sessions, the spread’s discount contracted and US crude oil prices rose by nearly seven percentage points. China’s dialogue with the US about the trade war and the fall in the US oil rig count, which we discussed in Part 2, might have supported oil prices. With inventories 8% above their five-year average, there might be an expansion in the discount going forward. ## Energy stocks On December 31–January 7, oil-weighted stocks California Resources (CRC), Callon Petroleum (CPE), and Denbury Resources (DNR) rose 20.2%, 21.6%, and 28.7%, respectively, and outperformed their peers. ## Forward curve As of January 7, US crude oil futures contracts for delivery for the next year were priced in ascending order. The price pattern is a negative sign for ETFs that follow US crude oil futures like the ProShares Ultra Bloomberg Crude Oil ETF (UCO) and the United States 12 Month Oil ETF (USL). Browse this series on Market Realist: * Part 1 - Will Oil Shift to a Higher Gear? * Part 2 - US Oil Production Growth Might Be Slower in 2019 * Part 3 - Falling Inventories Didn’t Help Oil’s Rise