United States Brent Oil Fund (NYSEARCA:BNO) Shares Up 6.4% – Still a Buy?

Shares of United States Brent Oil Fund LP (NYSEARCA:BNO) were up 6.4% during mid-day trading on Monday . The stock traded as high as $44.84 and last traded at $44.84. Approximately 1,767,044 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 4,019,310 shares. The stock had previously closed at $42.15.

More United States Brent Oil Fund News

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

• Positive Sentiment: Oil prices rose sharply after U.S. and Iranian strikes intensified conflict in the Middle East, with Brent crude climbing as investors priced in supply-risk around the Strait of Hormuz. Oil jumps more than 3% after US, Iran launch strikes in Mideast
• Positive Sentiment: President Trump announced a tighter U.S. response involving a naval blockade and a proposed 20% cargo fee for vessels using the Strait of Hormuz, raising concerns about higher shipping costs and possible crude supply disruptions. Trump proposes 20% cargo fee as US vows to police Strait of Hormuz
• Positive Sentiment: Market commentary and oil forecasts say geopolitical noise is keeping crude elevated, with Brent trading near the upper end of its recent range as traders hedge against further disruption. WTI and Brent Crude Forecasts – Geopolitical Noise Locks Oil in Summer Range
• Neutral Sentiment: OPEC lowered its oil-demand growth forecasts again, which could eventually pressure crude prices, but that effect is being overshadowed today by supply fears tied to the Gulf conflict. OPEC further lowers 2026 global oil demand growth forecast
• Neutral Sentiment: The U.S. Strategic Petroleum Reserve fell to its lowest level since 1983, a reminder that emergency supply buffers are limited, though this news is more supportive of oil sentiment than an immediate direct catalyst. Oil stocks in US Strategic Petroleum Reserve fall by 3 million barrels to lowest level since 1983

United States Brent Oil Fund Stock Performance

The stock’s 50 day moving average is $49.12 and its 200-day moving average is $42.79.

Hedge Funds Weigh In On United States Brent Oil Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Ball & Co Wealth Management Inc. bought a new position in shares of United States Brent Oil Fund during the 1st quarter valued at approximately $56,000. Midwest Trust Co bought a new stake in United States Brent Oil Fund in the first quarter worth $216,000. Kestra Advisory Services LLC purchased a new position in United States Brent Oil Fund during the fourth quarter worth $149,000. Royal Bank of Canada increased its position in United States Brent Oil Fund by 49.3% during the first quarter. Royal Bank of Canada now owns 5,974 shares of the company’s stock valued at $310,000 after acquiring an additional 1,974 shares during the last quarter. Finally, Chemistry Wealth Management LLC bought a new position in United States Brent Oil Fund during the second quarter valued at $257,000.

United States Brent Oil Fund Company Profile

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.