United States Brent Oil Fund reports annual financials

The United States Brent Oil Fund, LP (NYSE Arca:BNO), a Delaware-based investment fund, disclosed its annual financial statements for the year ended December 31, 2024, today. Currently trading at $30.51, the fund has shown an 8.25% return over the past six months. The financial details have been made available on the fund’s website and were furnished as part of a regulatory filing with the Securities and Exchange Commission (SEC).According to InvestingPro analysis, BNO has demonstrated strong returns over the last five years, though it currently faces challenges with weak gross profit margins. Investors seeking deeper insights into BNO’s performance metrics and additional expert tips can access comprehensive analysis through InvestingPro’s premium features.

This recent filing, dated today, March 26, 2025, is in accordance with Rule 4.22 under the Commodity Exchange Act, which mandates the annual financial reporting by commodity pools. The United States Brent Oil Fund’s financial statements, which are included as Exhibit 99.1 in the 8-K form, are not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor will they be subject to the liabilities of that section. Furthermore, the information will not be incorporated by reference into any filings under the Securities Act of 1933, unless specifically referenced in such filings.

The United States Brent Oil Fund, operating under the ticker symbol BNO, is listed on the NYSE Arca, with a market capitalization of $95 million and average daily trading volume of 410,000 shares. It is structured as a limited partnership, with United States Commodity Funds LLC acting as its general partner. The fund’s primary business address is located in Walnut Creek, California.

The release of the fund’s financial statements provides investors and the market with a transparent view of the fund’s financial health as of the end of the 2024 fiscal year. The details of the financial statements were not disclosed in the press release statement.

Investors looking to review the financial performance of the United States Brent Oil Fund can access the full annual financial statements on the fund’s website, as mentioned in the SEC filing. The fund’s chief financial officer, Stuart P. Crumbaugh, signed off on the filing, affirming the accuracy and completeness of the report.

As per regulatory requirements, the United States Brent Oil Fund will continue to provide periodic financial updates to its investors and comply with all SEC filing obligations. For investors seeking comprehensive analysis and real-time updates, InvestingPro offers detailed financial metrics, expert insights, and additional trading tips to help make informed investment decisions.

In other recent news, the United States Brent Oil Fund, LP disclosed its audited financial statements for the years ending December 31, 2024, and 2023. This report, filed with the Securities and Exchange Commission, provides an overview of the fund’s financial condition, allowing investors to assess its performance and financial health. Additionally, the fund released its monthly account statements for November and December 2024, detailing income, losses, and changes in net asset value, which are accessible on the fund’s website. These disclosures are part of routine regulatory requirements under the Commodity Exchange Act. Meanwhile, Barclays (LON:BARC) reported a significant reduction in net long positions on Brent crude, indicating a shift in investor sentiment. The positions have decreased by 50% from the previous month, reflecting growing investor cautiousness about the short-term commodity price landscape. This change aligns with recent fluctuations in Brent crude prices, influenced by geopolitical dynamics and market expectations.

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