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BNO does not currently pay a dividend.
See exactly how BNO's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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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.
WTI and Brent pull back as traders weigh profit-taking and Middle East headline risk, with Brent's $100 level in focus.
Kevin Hincks believes Friday's trading day will see heavy volume due to triple witching, but he says you'll also want to watch crude oil as a key indicator to geopolitical volatility. He looks overseas to the Bank of Japan's interest rate hike and explains why it's putting upward pressure on U.S. Treasury yields just after the Fed made its decision.
Seven months into the Iran war, crude has once again touched above $105 a barrel, just weeks after trading as low as $68. Refined-product markets have tightened systemically, forcing commodity desks to abandon the models they relied on when hostilities began.
European Union finance ministers will discuss on Friday whether to impose an EU-wide windfall tax on energy companies benefiting from a surge in oil and gas prices following the closure of the Strait of Hormuz, with further talks expected in October.
Oil prices fell for a third day Friday, with WTI crude slipping below $100 a barrel as expectations of restored Saudi pipeline flows eased immediate supply concerns.