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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

OPEC+ has decided to delay its planned oil output increase for October and November due to recent drops in crude prices. This decision has temporarily lifted oil prices, but concerns remain about future demand and supply dynamics. Analysts suggest that OPEC+ may need to maintain cuts to stabilize prices.

Portfolio Pulse from Lekha Gupta

September 06, 2024 | 12:23 pm

Citi warns that oil prices could fall below $60 per barrel by 2025 if OPEC+ doesn't cut production further, due to reduced demand and increased supply from non-OPEC countries. The market may lose confidence in OPEC+ maintaining the $70 level, and Citi recommends selling into rallies when Brent nears $80. Goldman Sachs also predicts a potential decrease in oil prices due to AI advancements.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 4:42 pm

Oil prices are rising as OPEC+ is reportedly close to agreeing on delaying its planned output increase. This development is likely to impact oil-related ETFs such as BNO and USO.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 2:43 pm

Oil prices fell as OPEC+ considers delaying production hikes due to demand concerns and potential Libyan supply. This has impacted oil-related stocks and ETFs, causing declines in Exxon Mobil, Chevron, Shell, and others.

Portfolio Pulse from Michael Juliano

September 04, 2024 | 6:08 pm

Oil prices are declining due to supply disruptions in Libya and weak demand in China. Additionally, a smaller-than-expected draw in crude inventories and a build in distillate stocks are contributing to the downward pressure.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:42 pm

Oil prices are declining after a recent rise due to a Libyan production outage. Goldman Sachs has reduced its oil price forecasts, attributing this to slower demand growth in China and increased US supply.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 4:29 pm

Oil prices are rising due to increased tensions in the Middle East, specifically between Israel and Hezbollah, and reports of Libya halting oil production.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 1:31 pm

Oil prices are rising due to a decrease in U.S. crude inventories and ongoing Middle East tensions that could affect supply.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 4:39 pm

Oil prices are trading higher due to positive US economic data and ongoing Middle East tensions that could affect supply.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:49 pm

Oil prices are experiencing volatility and are currently trading lower after a recent rise due to concerns over escalating Iran-Israel tensions.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:10 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.