Brent Oil Fund July NAV rises to $50.23/share on $128M net income

United States Brent Oil Fund, LP

Net income of $127.9M for July 2026, driven by $86.2M realized and $40.5M unrealized gains on commodity futures.
NAV end of month $615.3M, up from $543.6M at July 1; NAV per share $50.23 on 12.25M shares.
Additions of 550,000 shares ($28.0M) and withdrawals of 1.75M shares ($84.3M) during the month.
Dividend income $1.24M, interest income $505k; total expenses $522k including $386k management fees.
Routine Rule 4.22 monthly account statement; no change to fund operations or strategy.

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