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The fund's primary benchmark is a specific Brent crude oil futures contract traded on the Ice Futures Europe Exchange. This typically refers to the contract closest to its expiry date. However, if this front-month contract is fewer than two weeks away from expiration, the fund will instead reference the futures contract scheduled to expire in the subsequent month.
Is BNO's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
The Dow Jones remains below 55,000 as Trump tariff talks support sentiment, while high Treasury yields and rising AI risks limit the recovery.
Oil markets are moving higher as traders bet that the Strait of Hormuz would remain closed in the upcoming weeks.
A social media post by U.S. President Donald Trump declaring that the Keystone XL oil pipeline "may be awoken from the grave" attracted attention this week in the midst of U.S.-Canada trade talks. Below is a look at the history of that project running through parts of Canada and the U.S., as well as details on the new oil pipeline proposal that follows a slightly different route:
Crude oil is grinding away on Friday, as many traders probably don't know what to do with the headline-driven market at the moment.
While crude oil is up about 50% in 2026, gasoline and diesel have risen more sharply. And the refiners are along for the ride.