---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-124477"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2025-12-29T23:59:59+00:00"
generated_at: "2026-05-16T12:05:51.669852+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# United States Brent Oil Fund reports November 2025 net loss of $2.7M, NAV per share $28.79

## Summary
- Net loss of $2,708,289 for month ended November 30, 2025.
- Realized trading gain on commodity futures $4,277,110; unrealized loss $7,189,840.
- Net asset value end of month $96,435,903 with 3,350,000 shares outstanding.
- Shareholders added 150,000 shares during month, contributing $4,399,208.
- Dividend and interest income totaled $295,006; expenses were $91,600.

## SEC filing metadata
- accession: 0001104659-25-124477
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2025-12-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000110465925124477/0001104659-25-124477-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000110465925124477/tm2533092d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-124477
- JSON: https://secwatch.observer/filing/0001104659-25-124477.json
- Plain text: https://secwatch.observer/filing/0001104659-25-124477.txt

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