---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-102921"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:54:54.379050+00:00"
event_type: "other"
sentiment: "negative"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# United States Brent Oil Fund reports Sept 2025 net loss of $1.3M; NAV per share $29.99

## Summary
- Net loss of $1,285,663 for month ended Sept 30, 2025.
- NAV per share $29.99, down from $32.57 at Aug 31 (3.4M shares outstanding).
- Realized trading gain of $2.97M offset by $4.51M unrealized loss on futures.
- Net asset value decreased from $110.8M to $102.0M, partly due to share withdrawals.
- Monthly account statement filed under CEA Rule 4.22; no guidance or dividend change.

## SEC filing metadata
- accession: 0001104659-25-102921
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2025-10-28T23:59:59+00:00
- event_type: other
- sentiment: negative
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000110465925102921/0001104659-25-102921-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000110465925102921/tm2528713d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-102921
- JSON: https://secwatch.observer/filing/0001104659-25-102921.json
- Plain text: https://secwatch.observer/filing/0001104659-25-102921.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.