---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-087862"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2026-07-29T12:36:10+00:00"
generated_at: "2026-07-29T12:42:16.313568+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# United States Brent Oil Fund reports net loss of $162.4M for June; NAV per share $40.41

## Summary
- Net loss of $162.4M for June 2026; realized trading loss of $234M, unrealized gain of $70.1M.
- NAV per share $40.41, down from $56.88 at May 31 (based on beginning NAV of $765M and 13.45M shares).
- Shares outstanding 13.45M; 3.75M shares added and 5.55M shares withdrawn during the month.
- Dividend income $1.6M, interest income $0.5M; total expenses $583.7K.
- Net asset value fell from $765M to $543.6M, a decline of 29%.

## SEC filing metadata
- accession: 0001104659-26-087862
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2026-07-29T12:36:10+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000110465926087862/0001104659-26-087862-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000110465926087862/tm2620060d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-087862
- JSON: https://secwatch.observer/filing/0001104659-26-087862.json
- Plain text: https://secwatch.observer/filing/0001104659-26-087862.txt

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