USCF (GP of BNO) files 2023 audited financials; cash down 68%, equity down 40%

United States Brent Oil Fund, LP

Cash and equivalents fell to $2.6M from $8.2M at Dec 31, 2022; total assets $8.7M vs $13.3M.
Member's equity decreased to $6.2M from $10.4M; management fees receivable $1.4M vs $1.6M.
Optimum Strategies lawsuit against USO and USCF dismissed with prejudice on federal claims in Mar 2023; no appeal.
Note 5 references settlement of SEC and CFTC investigations as of Nov 8, 2021; no further update provided.

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