United States Brent Oil Fund (NYSEARCA:BNO) Shares Up 0% – Still a Buy?

United States Brent Oil Fund LP (NYSEARCA:BNO) shares shot up 0% on Monday . The stock traded as high as $34.26 and last traded at $33.89. 900,515 shares changed hands during trading, a decline of 5% from the average session volume of 950,294 shares. The stock had previously closed at $33.88.

Key Headlines Impacting United States Brent Oil Fund

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

• Positive Sentiment: Structural Middle East risk signals (widening Oman–Dubai spread) have triggered a rally and short-covering in crude, raising the upside risk for Brent and BNO. Oil Market Alert: The Structural Risk Signal Most Traders Are Missing
• Positive Sentiment: U.S. inventory data showing a roughly 9M-barrel draw is being cited as bullish for WTI/Brent, supporting Brent-backed products like BNO if draws continue. Natural Gas and Oil Forecast: $9M Inventory Draw – WTI Break $66?
• Positive Sentiment: Technical/flow dynamics: traders are buying dips amid Iran-related risk premium, which can amplify short squeezes and push Brent—and BNO—higher on follow-through. Crude Oil Price Analysis – Oil Sees Buyers on Dips Again
• Neutral Sentiment: Upcoming U.S.–Iran talks are the key event risk this week—outcomes could swing the market either way; traders are positioned ahead of the meeting. Oil News: Iran Talks Thursday Could Make or Break Crude Oil’s Rally This Week
• Neutral Sentiment: Commentary warns a Strait of Hormuz closure would be severely bullish, but agencies view a protracted closure as unlikely—keeps a risk premium priced in but limits extreme moves. Oil Market: How Likely Is a Protracted Closure of the Strait of Hormuz?
• Neutral Sentiment: Market commentators note profit-taking and tariff news are creating mixed intraday flows; this produces choppy trading rather than a clear trend for BNO. Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Losing Some Ground Amid Profit-Taking
• Negative Sentiment: Resumption of U.S.–Iran talks and reports that a U.S. strike might be limited have relieved some conflict fears, knocking risk premium off Brent and pressuring BNO. Oil Falls Amid Prospect That U.S. Strike on Iran Might Be Limited
• Negative Sentiment: Fresh U.S. tariff uncertainty and easing of immediate conflict risk weighed on prices in global trade, a headwind for Brent demand expectations and BNO. Oil slides on Iran nuclear talks, fresh US tariff uncertainty
• Negative Sentiment: Several outlets note short-term profit-taking/position adjustments ahead of talks, which can prompt pullbacks in Brent and cap upside for BNO until event risk clears. Oil Edges Lower Amid Possible Position Adjustments Before U.S.-Iran Talks

United States Brent Oil Fund Stock Up 0.0%

The stock has a fifty day simple moving average of $30.37 and a 200 day simple moving average of $29.80.

Hedge Funds Weigh In On United States Brent Oil Fund

Hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd boosted its holdings in shares of United States Brent Oil Fund by 15.2% during the 2nd quarter. Quadrature Capital Ltd now owns 70,982 shares of the company’s stock valued at $2,073,000 after acquiring an additional 9,373 shares during the last quarter. Daiwa Securities Group Inc. grew its position in United States Brent Oil Fund by 6.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 71,300 shares of the company’s stock worth $2,081,000 after purchasing an additional 4,400 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of United States Brent Oil Fund by 60.7% during the 2nd 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. Headlands Technologies LLC grew its holdings in shares of United States Brent Oil Fund by 389.5% in the second quarter. Headlands Technologies LLC now owns 9,834 shares of the company’s stock worth $287,000 after acquiring an additional 7,825 shares during the period. Finally, Ignite Planners LLC increased its position in United States Brent Oil Fund by 2.5% during the third quarter. Ignite Planners LLC now owns 31,766 shares of the company’s stock valued at $955,000 after acquiring an additional 760 shares during the last quarter.

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.