United States Brent Oil Fund (NYSEARCA:BNO) Reaches New 52-Week High – Here’s Why

Posted by Stanley Muller on Oct 8th, 2026

Shares of United States Brent Oil Fund LP (NYSEARCA:BNO – Get Free Report) hit a new 52-week high during trading on Thursday. The stock traded as high as $64.19 and last traded at $64.14, with a volume of 284649 shares trading hands. The stock had previously closed at $61.90.

More United States Brent Oil Fund News

Here are the key news stories impacting United States Brent Oil Fund this week:

Positive Sentiment: Oil prices rose more than 2% as Houthi attacks in Saudi Arabia, tanker incidents in the Persian Gulf and potential U.S. Gulf production shut-ins increased fears of supply disruptions. Oil Prices Rise More Than 2% Amid Houthi Attacks, U.S. Gulf Shut-Ins
Positive Sentiment: Escalating Middle East tensions, attacks on shipping and reduced traffic through the Strait of Hormuz are adding a risk premium to crude. The possibility of expanded U.S. military operations in Iran further raises the prospect of supply interruptions. Oil rises as Middle East supply concerns persist amid shipping attacks
Positive Sentiment: U.S. commercial crude inventories unexpectedly fell by 3.2 million barrels, while industry executives warned that accessible global stockpile buffers are becoming severely depleted. Tight inventories make the market more sensitive to additional disruptions. U.S. Crude Oil Stockpiles Post Weekly Drop
Neutral Sentiment: Brent’s move above key technical levels and bullish momentum favor BNO, although analysts note that crude must sustain the breakout to extend gains. Natural Gas and Oil Forecast
Negative Sentiment: A firm U.S. dollar, rising Treasury yields and expectations for additional Federal Reserve rate increases could limit commodity demand and weigh on oil-linked funds. Dollar Stays Elevated as Treasury Yields, Oil Prices Rise
Negative Sentiment: Oil’s rally could reverse if Gulf production normalizes, Hormuz traffic continues recovering or geopolitical fears ease. BNO is also trading near its 12-month high, increasing its exposure to profit-taking and volatility.

United States Brent Oil Fund Stock Performance

The business’s 50 day simple moving average is $55.55 and its two-hundred day simple moving average is $51.77.

Institutional Investors Weigh In On United States Brent Oil Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its holdings in United States Brent Oil Fund by 23.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 4,922 shares of the company’s stock worth $200,000 after acquiring an additional 922 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in United States Brent Oil Fund during the 2nd quarter valued at $456,000. Chemistry Wealth Management LLC purchased a new stake in United States Brent Oil Fund during the 2nd quarter valued at $257,000. NewEdge Advisors LLC bought a new stake in shares of United States Brent Oil Fund in the 1st quarter worth $1,776,000. Finally, Royal Bank of Canada increased its holdings in shares of United States Brent Oil Fund by 49.3% in the 1st quarter. Royal Bank of Canada now owns 5,974 shares of the company’s stock worth $310,000 after purchasing an additional 1,974 shares in the last quarter.

About United States Brent Oil Fund

(Get Free Report)

The United States Brent Oil Fund, LP (BNO) is an exchange-traded fund that is based on the Front Month Brent Crude Oil index. The fund tracks the Brent oil spot price using near-month ICE futures contracts. BNO was launched on Jun 2, 2010 and is managed by US Commodity Funds.