United States Brent Oil Fund, LP Price & Performance (BNO)

The USCommodity Brent Oil Fund LP ETF has been downgraded to a sell candidate following recent trading activity. While the ETF gained marginally last Friday, technical indicators suggest potential short-term weakness. Diverging volume and price trends, alongside resistance at $30.05, indicate cautious trading ahead.12

Barclays reported a sharp 50% reduction in net long positions on Brent crude, reflecting increased caution among investors. This shift coincides with a 13% drop in Brent prices from early 2025 highs and highlights concerns over short-term price volatility. Economic and geopolitical factors are influencing market dynamics.23

The United States Brent Oil Fund disclosed its audited financials for 2023 and 2024, revealing a stable financial position with a market cap of $93.81M. The report, filed with the SEC, ensures transparency for investors and highlights the fund’s operational stability, despite ongoing market uncertainties.34