United States Brent Oil Fund, LP — Cyborg Score 6/10
Solid
Commodity ETFs / Oil & Gas Trading
Strategic Profile
BNO employs a neutral investment strategy to track changes in the price of the Benchmark Futures Contract, designed to allow investors to gain exposure to Brent crude oil in a cost-effective manner and to hedge against losses in Brent crude oil-related transactions. The fund invests primarily in futures contracts for crude oil and other petroleum-based fuels traded on major exchanges like the NYMEX and ICE Futures, and also invests in other crude oil-related investments to comply with regulatory requirements and manage liquidity.
Cyborg Score Rationale
BNO provides transparent, cost-effective exposure to Brent crude oil through a well-established ETF structure managed by a CFTC-regulated operator. The fund shows reasonable liquidity and market participation, though it faces operational risks from commodity price volatility, interest rate sensitivity, and cyber threats.
Top Insights
BNO reported strong March inflows in April 2026 and received a clean 2025 audit in March 2026.
Rising interest rates could impact the value of BNO's Treasury investments, while inflation could erode the value of its assets.
The fund faces risks from potential cyber-attacks and operational disruptions, which could affect its ability to execute trades and manage investments effectively.
As of late April 2026, BNO had a market capitalization of approximately $726 million with a 52-week trading range of $27.14 to $60.81.
Named Competitors
WTI Crude Oil ETF — Alternative crude oil tracking fund
Energy Sector ETFs — Broader energy sector exposure
Recent Developments
(March 2026) BNO received a clean audit for fiscal year 2025
(April 2026) Strong March inflows reported
(April 2026) Energy ETFs leading 2026 gains as oil prices surge
Open the full interactive United States Brent Oil Fund, LP report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.