United States Brent Oil Fund (NYSEARCA:BNO) Trading Up 2.4% – Here’s Why

Posted by Donna Armstrong on Dec 24th, 2025

United States Brent Oil Fund LP (NYSEARCA:BNO – Get Free Report)’s stock price was up 2.4% during mid-day trading on Monday . The company traded as high as $28.64 and last traded at $28.60. Approximately 396,616 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 607,451 shares. The stock had previously closed at $27.93.

Key Headlines Impacting United States Brent Oil Fund

Here are the key news stories impacting United States Brent Oil Fund this week:

Positive Sentiment: Geopolitical tensions around Venezuela and U.S. interdiction actions are adding a risk premium and lifting oil ETFs, supporting near‑term Brent prices. Read More.
Positive Sentiment: RBC Capital Markets’ Helima Croft highlights how geopolitical concerns are bullish for oil prices, reinforcing the view that supply‑disruption risk is keeping a floor under Brent. Read More.
Positive Sentiment: Short‑covering and shipping/sanctions risks tied to Venezuela and Russia have supported recent gains in crude, helping push spot Brent higher on tightening supply fears. Read More.
Neutral Sentiment: Technicals are mixed: crude is testing resistance near the 50‑day moving average and showing signs of exhaustion—this leaves room for both follow‑through rallies and pullbacks. Read More.
Neutral Sentiment: Crude futures are stalling around the 50‑day and 20‑day averages as traders parse supply risks versus surplus forecasts—price direction depends on which narrative dominates. Read More.
Neutral Sentiment: BP’s sale of a 65% stake in Castrol is a material energy‑sector transaction but is not expected to directly affect Brent crude fundamentals. Read More.
Negative Sentiment: U.S. oil production continues surprising to the upside, adding supply that can cap price rallies and pressure Brent over the medium term. Read More.
Negative Sentiment: U.S. retail gasoline prices have fallen to multi‑year lows, reflecting softer demand and seasonal weakness that weigh on crude consumption and price upside. Read More.
Negative Sentiment: Several market analysts warn that surplus and structural supply concerns (trendlines and momentum) could cap any sustained Brent rally despite episodic risk‑premia. Read More.

United States Brent Oil Fund Trading Down 0.3%

The company’s 50-day moving average is $28.84 and its 200 day moving average is $29.73.

Hedge Funds Weigh In On United States Brent Oil Fund

Institutional investors and hedge funds have recently modified their holdings of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in United States Brent Oil Fund by 60.7% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,654 shares of the company’s stock valued at $194,000 after purchasing an additional 2,514 shares in the last quarter. Headlands Technologies LLC grew its position in shares of United States Brent Oil Fund by 389.5% in the second quarter. Headlands Technologies LLC now owns 9,834 shares of the company’s stock valued at $287,000 after purchasing an additional 7,825 shares in the last quarter. Avondale Wealth Management acquired a new stake in shares of United States Brent Oil Fund in the second quarter valued at approximately $396,000. BNP Paribas Financial Markets lifted its position in United States Brent Oil Fund by 17.4% during the third quarter. BNP Paribas Financial Markets now owns 19,530 shares of the company’s stock worth $587,000 after buying an additional 2,893 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in United States Brent Oil Fund by 7.1% during the third quarter. JPMorgan Chase & Co. now owns 20,896 shares of the company’s stock worth $628,000 after buying an additional 1,378 shares in the last quarter.

United States Brent Oil Fund Company Profile

(Get Free Report)

The United States Brent Oil Fund, LP (BNO) is an exchange-traded fund that is based on the Front Month Brent Crude Oil index. The fund tracks the Brent oil spot price using near-month ICE futures contracts. BNO was launched on Jun 2, 2010 and is managed by US Commodity Funds.