United States Brent Oil Fund (NYSEARCA:BNO) Trading Up 1.4% – Time to Buy?

United States Brent Oil Fund LP (NYSEARCA:BNO)’s stock price shot up 1.4% on Monday . The company traded as high as $29.85 and last traded at $29.74. 715,363 shares traded hands during trading, an increase of 25% from the average session volume of 570,629 shares. The stock had previously closed at $29.32.

Trending Headlines about United States Brent Oil Fund

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

• Positive Sentiment: Heightened unrest in Iran is raising short‑term supply‑risk worries that support oil prices and benefit Brent‑linked funds. Oil climbs, intensifying unrest in Iran spark supply concerns
• Positive Sentiment: Market commentary and forecasts point to gains on Iran protests and potential chokepoint risks (Strait of Hormuz), which can lift Brent and support BNO. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground Amid Iran Protests
• Positive Sentiment: Focus on the Strait of Hormuz and potential U.S.–Iran escalation keeps a premium on oil prices, supporting Brent exposure. World’s most vital oil chokepoint back in focus amid possible U.S. intervention in Iran
• Neutral Sentiment: API head Mike Sommers says U.S. firms would need security and contract protections before moving into Venezuela — a reminder that Venezuelan supply gains are conditional and may be slow. Venezuela security, policy reform needed for US oil industry to move in, API chief says
• Neutral Sentiment: Political rhetoric (Trump pressing oil firms on Venezuelan investment and threatening to sideline majors) adds policy uncertainty — could speed or complicate Venezuelan flows depending on actions. Trump threatens to sideline Exxon from Venezuela’s oil: ‘They’re playing too cute’
• Negative Sentiment: At least two supertankers have left Venezuelan waters carrying crude — an immediate increase in available supply that can cap Brent upside. At least two supertankers depart Venezuelan waters carrying oil
• Negative Sentiment: Trading houses have secured early Venezuelan cargo deals ahead of U.S. majors, accelerating crude flows to buyers in Asia and Europe which increases near‑term supply. Trading houses beat US majors to first deals for Venezuelan oil
• Negative Sentiment: Data show Iran has record volumes of oil stored afloat (Kpler), signalling surplus/stockpiling that can weigh on prices if released. Iran’s oil stored on water hits a record high, Kpler says
• Negative Sentiment: Goldman warns of a 2026 supply swell and lower oil prices over the year — a macro headwind that can limit sustained gains for Brent and BNO. Goldman projects lower oil prices in 2026 as supply swells

United States Brent Oil Fund Trading Up 1.4%

The firm has a fifty day moving average price of $28.75 and a 200-day moving average price of $29.53.

Hedge Funds Weigh In On United States Brent Oil Fund

Several hedge funds have recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in United States Brent Oil Fund by 60.7% in 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 acquiring an additional 2,514 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of United States Brent Oil Fund by 389.5% in the 2nd 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 bought a new position in shares of United States Brent Oil Fund in the 2nd quarter valued at $396,000. BNP Paribas Financial Markets increased its stake in shares of United States Brent Oil Fund by 17.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,530 shares of the company’s stock valued at $587,000 after purchasing an additional 2,893 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of United States Brent Oil Fund by 7.1% during the 3rd 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.

About United States Brent Oil Fund

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.