BNO ETF Analysis: United States Brent Oil Fund | NYSE
Commodities Focused | NYSE, USA | Market Cap: 620m USD | 12M Return: 59.1% | US91167Q1004 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 103M
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
The United States Brent Oil Fund LP (BNO) tracks the price of Brent crude oil through futures contracts listed on the ICE Futures Europe Exchange. The funds benchmark is the near-month Brent futures contract, which shifts to the next month once the current near-month contract enters its final two weeks before expiration. This rolling mechanism allows the fund to maintain continuous exposure to the front of the Brent futures curve.
As a commodity-focused exchange-traded fund, BNO provides investors with direct exposure to Brent crude oil, one of the two primary global benchmarks for pricing crude (alongside West Texas Intermediate). The fund achieves this exposure by holding Brent oil futures contracts rather than the physical commodity, a structure common to oil futures ETFs that requires periodic contract rollovers to maintain its stated benchmark.
- OPEC+ extends production cuts supporting Brent prices
- Middle East tensions spike crude oil risk premium
- Contango roll yield drag pressures BNO returns
As of August 08, 2026, the stock is trading at USD 46.93 with a total of 1,723,713 shares traded. Over the past week, the price has changed by -6.85%, over one month by +11.92%, over three months by -12.56% and over the past year by +59.08%.
Current recommended Stop Loss: 44.30 (which is 5.6% or 1.3 ATR below the current price).
United States Brent Oil Fund has no consensus analysts rating.