BNO reports net loss of $127.4M for May 2026; NAV per share $50.17

United States Brent Oil Fund, LP

Net loss of $127.4M driven by $265.7M unrealized loss partially offset by $136.5M realized gain.
NAV fell to $765.1M from $858.5M; NAV per share $50.17 on 15.25M shares.
Additions of 2.75M shares and withdrawals of 2.25M shares during month.
Total expenses $634k including $541k management fees.

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