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United States Brent Oil Fund LP(BNO)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
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Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for BNO
11/12/2026: BNO (5-star) is a SELL. SELL for 4 days. Simulated Profits (12.08%). Updated daily EoD!
The United States Brent Oil Fund (BNO) provides investors with direct exposure to the daily price movements of Brent crude oil through futures contracts. It is among the most liquid options for investors seeking to bet on global oil benchmarks rather than domestic U.S. oil. While it is an effective tactical tool, investors should be aware of the impact of roll yield (contango) on long-term performance and the absence of dividends. It is most suitable for active traders and those hedging against energy price shocks, rather than long-term conservative portfolios. Key factors to monitor include OPEC+ decisions, global demand trends, and the shape of the oil futures curve.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Oil exposure can be used for tactical growth during energy cycles but is not a traditional long-term growth asset. |
| Momentum investor | Strong fit while signal remains positive | The fund is highly responsive to price trends, making it suitable for traders capitalizing on oil price volatility. |
| Value investor | Weak fit | Commodities like oil lack intrinsic valuation metrics such as earnings or dividends. |
| Dividend/Income investor | Weak fit | BNO does not provide dividends or income, as it holds futures contracts. |
| Low-risk investor | Weak fit | The extreme volatility of crude oil makes this unsuitable for conservative, low-risk portfolios. |
Investor Profile
Ideal Investor Profile
Sophisticated retail investors, active traders, or institutional investors looking for a tactical tool to express a view on Brent crude oil prices.
Suitability
Best suited for short-term tactical trading rather than a long-term 'buy and hold' investment due to potential roll yield decay.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Crude oil prices are subject to extreme swings based on global news and supply shocks. |
| Market risk | High | The fund is entirely exposed to the fluctuations of the global oil market. |
| Concentration | High | The fund is concentrated solely in Brent crude oil futures. |
| Tracking/expense | Medium | Roll yield and contango can cause the ETF to underperform the spot price of oil over time. |
| Liquidity | Low | BNO is highly liquid with tight spreads during normal market conditions. |
| Business/sector quality | Medium / high | Geopolitical risks inherent in global oil supply chains directly impact the fund's value. |
Sector & Industry Intelligence
This fund is not assigned to one sector.
Risk Analysis
Volatility
BNO exhibits high historical volatility, consistent with the commodity energy sector.
Market Risk
The fund is subject to systematic risks in the global oil market, including production quotas and geopolitical tension.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Commodity | Brent Crude Oil Futures | 85 | This represents the primary exposure to Brent crude oil price movements via futures contracts. |
| Cash/collateral | Cash and Cash Equivalents | 15 | These high-quality short-term assets serve as collateral for the futures positions held by the fund. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type ETF | Historic Profit 30.48% | Avg. Invested days 38 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/12/2026 |
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