US Brent Oil Fund reports Nov 2023 net loss of $7.1M; NAV per share drops to $28.72

United States Brent Oil Fund, LP

Net loss of $7,073,816 for month ended Nov 30, 2023; realized trading loss of $17.3M offset by $9.7M unrealized gain.
NAV declined from $165.6M to $145.0M; net redemptions of 450,000 shares accounted for $13.5M of the decrease.
NAV per share fell from $30.10 to $28.72; 5,050,000 shares outstanding at month end.
Dividend income of $413,071 and interest income of $214,875; total expenses of $131,852.
Fund had net share redemptions of 450,000 shares (200,000 additions, 650,000 withdrawals).

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