United States Brent Oil Fund reports July loss of $4.7M; NAV per share drops to $31.10

United States Brent Oil Fund, LP

Net loss of $4.73M for July, driven by $5.15M in realized and unrealized trading losses on commodity futures.
NAV per share fell from $35.75 at June end to $31.10; total NAV down 13% to $111.96M.
Fund had net redemptions of 400,000 shares in July (350,000 additions, 750,000 withdrawals).
Dividend and interest income of $540K was insufficient to offset trading losses.

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