United States Brent Oil Fund (NYSEARCA:BNO) Trading Down 3.7% – Should You Sell?

Posted by Brenda Bartman on Aug 25th, 2026

United States Brent Oil Fund LP (NYSEARCA:BNO – Get Free Report) traded down 3.7% on Tuesday . The company traded as low as $50.68 and last traded at $50.85. Approximately 1,019,109 shares were traded during trading, a decline of 72% from the average daily volume of 3,625,219 shares. The stock had previously closed at $52.78.

United States Brent Oil Fund News Summary

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

Positive Sentiment: Fewer than 20 commodity vessels reportedly transited the Strait of Hormuz over the weekend, reinforcing concerns that the disruption could restrict global energy supplies. Because BNO tracks Brent crude futures, a sustained reduction in shipments would generally be supportive. Fewer than 20 ships transit key Strait of Hormuz over weekend
Positive Sentiment: The U.S. Treasury targeted 60 entities with new Iran sanctions, while officials warned that shipping bottlenecks could create higher diesel prices and broader energy-market stress. Stronger enforcement could reduce Iranian oil availability and lift Brent. US must address this critical chokepoint
Positive Sentiment: The International Energy Agency said it is not discussing another strategic-reserve release, removing a potential source of additional supply that could otherwise pressure crude prices. IEA not discussing a second release of strategic oil reserves
Neutral Sentiment: Oil prices steadied after falling more than 2% in the prior session as investors assessed expanded U.S. sanctions against Iran. The muted response suggests traders are waiting for evidence of an actual supply loss. Oil prices steady as investors weigh expanded US sanctions
Negative Sentiment: Brent fell ahead of the sanctions announcement as traders adjusted positions, and market commentary described a disconnect between bullish supply headlines and bearish crude price action. This indicates that geopolitical risks may already be priced into BNO and that near-term momentum remains weak. Oil falls ahead of further Iran sanctions
Negative Sentiment: Potential EU discussions about taxing oil-company windfall profits could weigh on the broader energy sector, although the proposal would have limited direct relevance to BNO because it holds Brent-related futures rather than producer equities. EU countries seek talks on taxing oil-company windfall profits

United States Brent Oil Fund Price Performance

The company has a 50 day simple moving average of $46.70 and a 200-day simple moving average of $47.15.

Institutional Investors Weigh In On United States Brent Oil Fund

A number of hedge funds have recently made changes to their positions in BNO. Ball & Co Wealth Management Inc. purchased a new stake in shares of United States Brent Oil Fund in the 1st quarter valued at $56,000. Kestra Advisory Services LLC bought a new stake in United States Brent Oil Fund in the fourth quarter worth $149,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in United States Brent Oil Fund by 60.7% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,654 shares of the company’s stock valued at $194,000 after buying an additional 2,514 shares during the period. Midwest Trust Co purchased a new stake in United States Brent Oil Fund during the first quarter valued at about $216,000. Finally, Chemistry Wealth Management LLC bought a new position in shares of United States Brent Oil Fund during the second quarter valued at about $257,000.

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.