United States Brent Oil Fund, LP Overview
Pro stress-test →The United States Brent Oil Fund, LP (BNO) operates as a commodity pool that issues limited partnership interests traded on the NYSE Arca, with an investment objective to reflect the daily changes in the spot price of Brent crude oil through investments in futures contracts and other crude oil-related investments. The fund is managed and controlled by United States Commodity Funds LLC (USCF), a Delaware limited liability company registered as a commodity pool operator (CPO) with the Commodity Futures Trading Commission (CFTC).
Strategic Profile
Pro stress-test →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.
Competitive Landscape
Pro stress-test →BNO competes within the commodity ETF space primarily against other oil-tracking funds. Direct competitors include similar Brent crude oil tracking vehicles and broader energy commodity ETFs that serve investors seeking oil price exposure.
Industry Context
United States Brent Oil Fund, LP operates in Commodity ETFs / Oil & Gas Trading.
Key facts
Founded: 2006 · Headquarters: Oakland, US · Employees: N/A · Revenue: N/A · Market cap: $726M