USL · All filings · Read this filing
What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2025-08-08 compared with 2025-05-09 · 1 added, 1 removed, 34 unchanged (6% of the section changed)
30 unchanged sentences
As a result, it may be difficult to obtain an independent value for an outstanding OTC derivatives transaction.
−Removed: During the three-month reporting period ended March 31, 2025, USL limited its derivatives activities to Oil Futures Contracts EFRP transactions.
+Added: During the six-month reporting period ended June 30, 2025, USL limited its derivatives activities to Oil Futures Contracts EFRP transactions.
USL anticipates that the use of Other Oil-Related Investments together with its investments in Oil Futures Contracts will produce price and total return results that closely track the investment goals of USL.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.