United States Brent Oil Fund, LP logo

United States Brent Oil Fund, LP (BNO)

Market Closed
24 Jul, 20:00
ARCA ARCA
$
52. 58
-0.87
-1.6277%
$
193.34M Market Cap
- Div Yield
2.38M Volume
$ 53.45
Previous Close
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Day Range
51.56 52.66
Year Range
27.14 60.81
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Gulf oil shock makes Russia's Ukraine disruption look small, says Goldman

Gulf oil shock makes Russia's Ukraine disruption look small, says Goldman

Oil flows through the Strait of Hormuz have collapsed to just 3% of normal levels, according to Goldman Sachs, as tanker attacks continue to pile up, though futures markets are still pricing in a relatively short disruption. The effective closure of the key shipping lane has led to Middle East crude production shut-ins reaching 6.3 million barrels per day across Iraq, Saudi Arabia, Kuwait, the UAE and smaller Gulf producers, the investment bank's analysts noted In its latest oil tracker, published Tuesday night, Goldman put the total hit to Persian Gulf exports at 15.4 million barrels per day on a four-day moving average, a disruption it describes as 15 times larger than the peak impact of Russia's oil production cuts following the invasion of Ukraine in 2022.

Proactiveinvestors | 4 months ago
As Iran conflict and oil roil investors, here's the next line in the sand for the S&P 500

As Iran conflict and oil roil investors, here's the next line in the sand for the S&P 500

Where the S&P 500 goes next is clearly hinging on oil prices and the Strait of Hormuz. Here's a fresh line in the sand.

Marketwatch | 4 months ago
Oil futures rise as traders await decision on reserves

Oil futures rise as traders await decision on reserves

Oil futures rose on Wednesday as traders awaited what could be a historic release of emergency government reserves to counter the disruption to supplies from the attack on Iran.

Marketwatch | 4 months ago
Natural Gas and Oil Forecast: Hormuz Crisis Sparks 2% Oil Rebound – Rally or Trap?

Natural Gas and Oil Forecast: Hormuz Crisis Sparks 2% Oil Rebound – Rally or Trap?

WTI rebounds 2% to $86 as Hormuz tensions slash 6M bpd supply. Can oil break $88 while Brent tests $90 and natural gas holds $3.02 support?

Fxempire | 4 months ago
US-sanctioned Chinese oil terminal resumes business after ownership change

US-sanctioned Chinese oil terminal resumes business after ownership change

A Chinese oil terminal sanctioned by Washington in October has resumed operations after ​a logistics unit of state refiner Sinopec

Reuters | 4 months ago
US oil prices up nearly $3 as Middle East crisis constrains supply

US oil prices up nearly $3 as Middle East crisis constrains supply

U.S. West Texas Intermediate crude oil prices rose by $2.90 per barrel, or 3.5%, to $86.33 in early trade on Wednesday as supplies from the Gulf remain constrained amid the U.S. and Israeli war on Iran.

Reuters | 4 months ago
Gulf of Mexico oil and gas auction yields far fewer bids than first Trump sale

Gulf of Mexico oil and gas auction yields far fewer bids than first Trump sale

The Trump administration's second sale of oil and gas leases in the Gulf of Mexico in three months attracted far less ​industry interest than the auction it held in December, ‌according to a sale document posted on a government website on Tuesday.

Reuters | 4 months ago
What's next for crude-oil prices as wealthy nations consider a release of their reserves

What's next for crude-oil prices as wealthy nations consider a release of their reserves

Panic in the oil market has calmed down, with prices pulling back from the week's highs near $120 a barrel after a group of wealthy nations said they will consider a coordinated release of emergency global crude reserves

Marketwatch | 4 months ago
The next oil scare in the Strait of Hormuz: Mines

The next oil scare in the Strait of Hormuz: Mines

Potential mining of the Strait of Hormuz by Iran is emerging as the next scare to the oil market as President Donald Trump threatens fresh consequences for Tehran.

Marketwatch | 4 months ago
Crude Oil Price Forecast: Key Support Levels Tested After Rally

Crude Oil Price Forecast: Key Support Levels Tested After Rally

Crude oil faces short-term resistance after a volatile rally, with support at the 10-day and 200-week moving averages, while long-term trend reversals remain intact.

Fxempire | 4 months ago
BNO Is Up 52% But the Hidden Costs Are Quietly Eating Your Returns

BNO Is Up 52% But the Hidden Costs Are Quietly Eating Your Returns

The United States Brent Oil Fund (NYSEARCA: BNO) has gained 50.85% year-to-date, climbing from $ 28.32 to $43.60.

247wallst | 4 months ago
This might be the best way to invest in oil stocks right now

This might be the best way to invest in oil stocks right now

Opinions on where oil prices are headed from here could be an important decision driver.

Marketwatch | 4 months ago
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