Commodities
US Brent Oil Fund Sees Strong Gains in July 2026
The United States Brent Oil Fund LP (BNO) reported robust financial performance for July 2026, driven primarily by gains on commodity futures and dividend and interest income.
The fund's net income reached approximately $127.9 million for the month, a reflection of favorable Brent crude market conditions for its investors.
Despite experiencing net share redemptions, the fund's net asset value rose from around $543.6 million at the beginning of July to roughly $615.3 million by month-end.
This growth is notable given that the fund ended the period with 12.25 million shares outstanding and a per-share net asset value of $50.23.