United States Brent Oil Fund (NYSEARCA:BNO) Shares Up 6.4% – Time to 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. 1,767,044 shares traded hands during trading, a decline of 56% from the average daily volume of 4,019,310 shares. The stock had previously closed at $42.15.

Key Headlines Impacting United States Brent Oil Fund

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 Price Performance

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ball & Co Wealth Management Inc. bought a new position in United States Brent Oil Fund during the 1st quarter valued at about $56,000. JPMorgan Chase & Co. grew its stake 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 valued at $628,000 after acquiring an additional 1,378 shares during the period. Royal Bank of Canada boosted its position in shares of United States Brent Oil Fund by 49.3% in the first quarter. Royal Bank of Canada now owns 5,974 shares of the company’s stock worth $310,000 after purchasing an additional 1,974 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in United States Brent Oil Fund by 60.7% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,654 shares of the company’s stock worth $194,000 after buying an additional 2,514 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of 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 purchasing an additional 2,893 shares in the last quarter.

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.