United States 12 Month Oil Fund LP ETF Announces June Net Asset Value of $45.08
The United States 12 Month Oil Fund LP ETF (USL:NYSEARCA) reported a net asset value (NAV) of $45.08 for the month ended June, based on approximately 0.90 million shares outstanding. This update comes amid fluctuating oil prices influenced by geopolitical developments and market sentiment around potential U.S.-Iran negotiations. Recent reports indicate optimism regarding shipping through the Hormuz Strait, which has contributed to a decline in crude oil prices over five percent this week. The fund's NAV reflects broader trends in the energy sector as global players like OPEC continue monitoring supply dynamics.
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Topics: commodity ETFs crude inventory oil prices OPEC report