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 are facing challenges in rebounding due to increasing U.S. crude inventories and a stronger dollar. Key resistance levels need to be broken for bullish momentum to return.

Portfolio Pulse from

November 06, 2024 | 7:00 am

Oil prices declined in early Asian trading as investors monitored U.S. election results. ANZ Research suggests that a Trump presidency could have a neutral to slightly bullish impact on the oil market.

Portfolio Pulse from

November 06, 2024 | 1:30 am

Crude oil prices are testing resistance levels with potential for a breakout if support at $71.58 holds. This could impact oil-related ETFs like BNO.

Portfolio Pulse from

November 05, 2024 | 10:00 pm

The energy markets, particularly natural gas and oil, are experiencing tight price ranges due to election uncertainty and OPEC+ production delays. This situation sets the stage for potential breakout moves in the market.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Saudi Aramco reported a 15% decline in third-quarter profits but decided to maintain its dividend. This news could impact oil-related ETFs like BNO.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Oil prices slightly decreased as markets anticipate uncertainties from the U.S. presidential election. This follows a previous rise due to OPEC+ delaying production hikes, which eased supply concerns.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Oil and natural gas markets are experiencing volatility and fluctuating within ranges due to OPEC's extended output delay, with additional uncertainty from the upcoming U.S. presidential election.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

The upcoming U.S. presidential election between Kamala Harris and Donald Trump is causing investors to be cautious due to the potential impact of their differing economic policies on financial markets.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Iranian crude oil prices to China have reached multi-year highs due to reduced exports and concerns over Middle East tensions potentially disrupting supply. Discounts on Iranian oil are at their tightest in five years.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Saudi Aramco reported a decline in profits due to weaker oil prices and refining margins. Despite this, the company plans to distribute $31.05 billion in dividends.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

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