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BNO - US Brent Oil

US Brent Oil logoBNO is an exchange-traded fund (ETF) that tracks the price of Brent crude oil. Specifically, BNO tracks the performance of the ICE Brent Crude Oil Futures, which represent the price of Brent crude oil on the Intercontinental Exchange (ICE).

Brent crude oil is a type of sweet light crude oil that is produced in the North Sea. It is one of the most widely used benchmarks for pricing crude oil around the world. BNO is designed to give investors exposure to the price of Brent crude oil without having to trade oil futures contracts directly.

The ETF was launched in 2010 and is managed by United States Commodity Funds LLC. BNO charges an expense ratio of 0.50%, which is relatively high compared to other ETFs. The ETF's performance can be affected by a number of factors, including supply and demand, geopolitical tensions, and economic indicators. Investors who are bullish on the price of Brent crude oil may consider investing in BNO to gain exposure to this commodity. It's important to note, however, that commodity investing is generally considered to be high risk and is not suitable for all investors.




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