Streetbeat News

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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Oil prices have decreased slightly due to expectations of increased global production and weak demand growth forecasts. A stronger dollar is also contributing to the pressure on oil prices.

Portfolio Pulse from

November 14, 2024 | 2:00 am

The crude oil market is experiencing volatility as it searches for a bottom, with uncertainty surrounding future demand. This has implications for related assets, including the United States Brent Oil Fund (BNO).

Portfolio Pulse from

November 13, 2024 | 3:15 pm

Oil prices are stabilizing after the U.S. benchmark fell below $70 a barrel. Oil futures showed a slight increase early Wednesday.

Portfolio Pulse from

November 13, 2024 | 1:30 pm

The energy market faces a cautious outlook due to geopolitical tensions and revised OPEC projections affecting demand. The balance between rising supply and demand uncertainty is crucial for future market dynamics.

Portfolio Pulse from

November 13, 2024 | 7:00 am

Analysts predict that oil prices could drop to $40 per barrel by 2025 if OPEC+ reverses its current production cuts, potentially erasing 40% of current crude prices.

Portfolio Pulse from

November 13, 2024 | 4:00 am

OPEC+ is expected to face challenges in 2025 as non-OPEC+ producers continue to gain market share, potentially impacting the global oil market dynamics.

Portfolio Pulse from

November 12, 2024 | 7:45 pm

The crude oil market is maintaining a strong support level, with the overall price range remaining stable for over two years.

Portfolio Pulse from

November 12, 2024 | 2:30 pm

Oil prices have rebounded after consecutive declines, with futures rising and the U.S. benchmark returning above $70 per barrel. OPEC has projected lower demand growth.

Portfolio Pulse from

November 12, 2024 | 12:30 pm

OPEC reports that Russia's crude oil output increased slightly in October by 9,000 barrels per day, reaching approximately 9.01 million bpd.

Portfolio Pulse from

November 12, 2024 | 12:00 pm

Oil markets are focused on the upcoming OPEC report, with analysts questioning whether the strengthening U.S. dollar and supply levels will impact oil demand growth.

Portfolio Pulse from

November 12, 2024 | 11:30 am

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