United States Brent Oil Fund (NYSEARCA:BNO) Hits New 1-Year High – Still a Buy?

United States Brent Oil Fund LP (NYSEARCA:BNO) reached a new 52-week high during trading on Monday . The company traded as high as $54.76 and last traded at $54.60, with a volume of 1226406 shares trading hands. The stock had previously closed at $54.12.

Key United States Brent Oil Fund News

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

• Positive Sentiment: Escalating conflict and supply disruption risk have pushed oil futures up, which supports BNO as a Brent-focused ETF. Oil prices open higher as US-Israeli war with Iran continues to disrupt supply
• Positive Sentiment: President Trump’s public threats to Iran and warnings about the Strait of Hormuz have repeatedly spiked oil prices, lifting Brent exposure in BNO. Oil prices rise as Trump warns Iran to open Strait of Hormuz by Tuesday or face ‘hell’
• Positive Sentiment: The IMF warns the Middle East war works like a ‘sudden tax’ on the global economy, implying structurally higher energy prices that support Brent-linked funds. IMF Says Global Economy Hit With ‘Sudden Tax’ As Iran War Surges Energy Prices
• Neutral Sentiment: OPEC+ is discussing a May quota increase, but sources say much of the rise would be symbolic because key producers can’t boost flows while the Strait of Hormuz remains impaired. That limits an immediate supply offset for Brent. OPEC+ debates theoretical oil output hike amid Iran war paralysis, sources say
• Neutral Sentiment: Market positioning is cautious: equities futures show a tentative open as investors balance higher oil and strong jobs data — cross-asset moves could add short-term whipsaw to BNO flows. Nasdaq futures climb as investors weigh oil swings, jobs report exceeds expectations
• Negative Sentiment: Truce rumors and profit-taking after a historic surge have pulled crude back from intraday highs, prompting short-term declines in Brent exposure and pressure on BNO. Natural Gas and Oil Forecast: WTI Eyes $115 as Truce Rumors Spark Profit-Taking – What’s Next for Oil?
• Negative Sentiment: India’s resumed purchases of Iranian crude increase alternative supply routes and may cap upside for Brent, reducing some upside for BNO if flows expand. India turns to Iran for oil and gas after 7-year hiatus, signaling limits to U.S. tilt
• Negative Sentiment: After an $11 historic surge, crude has retraced some gains as negotiators race against deadlines, creating volatility that can lead to short-term outflows from commodity ETFs like BNO. Crude oil dropping after historic $11 surge, as negotiators race against Trump’s deadline for Iran

United States Brent Oil Fund Price Performance

The company’s 50-day moving average price is $40.19 and its two-hundred day moving average price is $33.03.

Institutional Trading of United States Brent Oil Fund

Several hedge funds and other institutional investors have recently bought and sold shares of BNO. Kestra Advisory Services LLC acquired a new stake in United States Brent Oil Fund during the fourth quarter valued at approximately $149,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of United States Brent Oil Fund by 60.7% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,654 shares of the company’s stock worth $194,000 after acquiring an additional 2,514 shares in the last quarter. Headlands Technologies LLC grew its position in shares of United States Brent Oil Fund by 389.5% in the 2nd quarter. Headlands Technologies LLC now owns 9,834 shares of the company’s stock worth $287,000 after acquiring an additional 7,825 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of United States Brent Oil Fund by 17.4% in the 3rd 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, JPMorgan Chase & Co. increased its holdings in shares of United States Brent Oil Fund by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,896 shares of the company’s stock valued at $628,000 after acquiring an additional 1,378 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.