Empowered Funds LLC Acquires New Stake in United States Brent Oil Fund LP $BNO

Empowered Funds LLC bought a new position in United States Brent Oil Fund LP (NYSEARCA:BNO) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 55,211 shares of the company’s stock, valued at approximately $2,872,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new stake in shares of United States Brent Oil Fund during the 1st quarter worth $56,000. JPMorgan Chase & Co. grew its position in United States Brent Oil Fund by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 20,896 shares of the company’s stock worth $628,000 after acquiring an additional 1,378 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in United States Brent Oil Fund by 60.7% in 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 acquiring an additional 2,514 shares during the last quarter. BNP Paribas Financial Markets increased its stake in United States Brent Oil Fund by 17.4% in the third quarter. BNP Paribas Financial Markets now owns 19,530 shares of the company’s stock valued at $587,000 after acquiring an additional 2,893 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in United States Brent Oil Fund by 60.0% during the first quarter. Kestra Advisory Services LLC now owns 8,422 shares of the company’s stock valued at $438,000 after purchasing an additional 3,157 shares in the last quarter.

United States Brent Oil Fund Trading Down 5.2%

BNO opened at $45.32 on Wednesday. United States Brent Oil Fund LP has a 12-month low of $27.14 and a 12-month high of $60.81. The stock has a 50-day moving average price of $46.79 and a 200-day moving average price of $45.21.

Key Headlines Impacting United States Brent Oil Fund

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

• Positive Sentiment: Supply risks remain significant: Goldman Sachs expects Brent to trade around $80–$90 per barrel until a U.S.-Iran agreement or a major escalation, while continued Middle East disruption could produce sharper upside moves. Goldman sees Brent at $80-$90 until US-Iran deal or major escalation
• Positive Sentiment: Oil prices recovered modestly after a prior selloff as traders continued to doubt that a diplomatic resolution to the U.S.-Iran conflict would arrive quickly, keeping Middle Eastern supply at risk. Oil ticks up after selloff as talks to end US-Iran war remain uncertain
• Neutral Sentiment: Japan increased its strategic crude reserves to roughly 202 days of consumption, suggesting some supply resilience but also highlighting the severity of ongoing geopolitical risks. Japan’s strategic oil reserves rise by 3 days of consumption in July
• Neutral Sentiment: Traders are preparing to close or adjust Murban crude futures positions after ADNOC changes its pricing mechanism, potentially adding short-term volatility to regional oil benchmarks. Oil traders set to wind down UAE exchange positions after ADNOC benchmark change
• Negative Sentiment: Signs that the Strait of Hormuz could reopen have driven oil and energy shares lower by easing fears of a prolonged supply disruption. Oil Prices and Energy Stocks Sink on Expectations of a Deal to Open the Strait of Hormuz
• Negative Sentiment: Technical analysts report that WTI broke below moving-average support, opening the possibility of a deeper pullback toward lower Fibonacci targets. OPEC+’s planned output increase is an additional bearish factor for crude prices. Crude Oil Price Forecast: Sellers Target Deeper Pullback

United States Brent Oil Fund Company Profile

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.