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BNO

United States Brent Oil Fund, LP

http://www.unitedstatesbrentoilfund.com

Industry

Asset Management

The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the Ice Futures Europe Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.

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Stocks declined after the release of upbeat wage data, suggesting potential inflationary pressures that could influence the Federal Reserve's policy decisions. The dollar strengthened, while oil prices fell due to optimism about peace in the Middle East, impacting commodities and currency markets.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:55 pm

Oil prices are declining due to concerns over the US economy and optimism for a ceasefire between Israel and Gaza.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 7:18 pm

Oil prices are trading lower due to ongoing efforts to broker a ceasefire between Israel and Hamas, impacting related ETFs.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 3:28 pm

Oil prices have increased even though the US GDP has fallen. This rise is attributed to a reported decrease in US crude inventories by the EIA on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:32 pm

The API reported a weekly crude oil stock draw of 3.230 million barrels, contrasting with the estimated 1.8 million barrel build. This indicates a decrease in crude oil inventories, contrary to expectations.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 8:41 pm

Oil prices are trading higher, potentially due to uncertainty in the Middle East. The Pentagon has urged the Iraqi government to protect US forces. Additionally, US weekly crude stock data is expected to be released later today.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:43 pm

Oil prices are declining due to reduced concerns about tensions in the Middle East, impacting related ETFs.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:50 pm

Oil prices have increased due to supply uncertainties following an Israeli strike on Iran, impacting the Middle East's oil supply.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 4:56 pm

Venezuela's Oil Minister has stated that US sanctions will not have an impact on the country's oil industry, according to Bloomberg. This statement comes amid ongoing tensions between Venezuela and the United States, with the US imposing sanctions as a means to pressure Venezuela on various fronts, including its oil exports.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 8:16 pm

Semiconductor and freight stocks declined, while oil prices fell due to an inventory build. Conversely, airline stocks rose, buoyed by strong earnings reported by United Airlines.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 7:50 pm

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