United States Brent Oil Fund (NYSEARCA:BNO) Trading 2.4% Higher – Should You Buy?

Shares of United States Brent Oil Fund LP (NYSEARCA:BNO) were up 2.4% during trading on Monday . The stock traded as high as $28.64 and last traded at $28.60. Approximately 396,616 shares changed hands during trading, a decline of 35% from the average daily volume of 607,451 shares. The stock had previously closed at $27.93.

Key Headlines Impacting United States Brent Oil Fund

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

• Positive Sentiment: U.S. President says seized Venezuelan crude and tankers may be kept or sold — heightening supply-disruption risk that supports Brent-linked products like BNO. US might keep or might sell oil seized near Venezuela, Trump says
• Positive Sentiment: Trump publicly confirmed the U.S. will keep crude and tankers seized near Venezuela — a development that traders view as removing immediate barrels from potential export, lifting Brent exposure (positive for BNO). Trump says U.S. will keep the crude oil and tankers seized near Venezuela
• Positive Sentiment: Oil prices climbed after U.S. interception of Venezuelan tankers over the weekend — an immediate price reaction that typically benefits Brent-tracking funds like BNO. Oil prices gain on US interception of Venezuelan oil tanker over weekend
• Neutral Sentiment: Market commentators note abundant global supply and complex flows despite the Venezuela actions — suggesting any Brent spike may be short-lived unless broader supply is curtailed. Oil market prices show just how much supply is out there, says Sankey Research’s Paul Sankey
• Neutral Sentiment: Short-covering and technical rebounds are supporting crude today, but analysts warn broader headwinds remain — the move may be a recovery rather than a structural turn. Crude Oil Price Outlook – Oil Continues to Recover on Monday
• Negative Sentiment: Bearish fundamentals persist: inventory overhang and weak demand signals could cap Brent gains and pressure BNO if geopolitical premium fades. Oil News: Bearish Oil Outlook Builds with Inventory Overhang and Weak Demand Signals
• Negative Sentiment: Technical/market structure risk — BNO remains just below its 50- and 200-day moving averages and inside its 12‑month trading range, so upside could reverse if headlines cool and momentum fades.

United States Brent Oil Fund Trading Up 2.4%

The company’s 50 day moving average price is $28.82 and its 200-day moving average price is $29.73.

Institutional Trading of United States Brent Oil Fund

A number of institutional investors and hedge funds have recently bought and sold shares of BNO. Jump Financial LLC purchased a new position in United States Brent Oil Fund in the third quarter valued at approximately $4,303,000. Virtu Financial LLC acquired a new position in shares of United States Brent Oil Fund during the third quarter worth about $2,865,000. Daiwa Securities Group Inc. boosted its position in shares of United States Brent Oil Fund by 6.6% in the second quarter. Daiwa Securities Group Inc. now owns 71,300 shares of the company’s stock worth $2,081,000 after buying an additional 4,400 shares during the period. Quadrature Capital Ltd grew its stake in shares of United States Brent Oil Fund by 15.2% in the second quarter. Quadrature Capital Ltd now owns 70,982 shares of the company’s stock valued at $2,073,000 after buying an additional 9,373 shares in the last quarter. Finally, Ignite Planners LLC grew its stake in shares of United States Brent Oil Fund by 2.5% in the third quarter. Ignite Planners LLC now owns 31,766 shares of the company’s stock valued at $955,000 after buying an additional 760 shares in the last quarter.

About United States Brent Oil Fund

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.