---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-24-000073"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:48:27.763534+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171200-24-000073
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000117120024000073/0001171200-24-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000117120024000073/i24083_bno-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-24-000073
- JSON: https://secwatch.observer/filing/0001171200-24-000073.json
- Plain text: https://secwatch.observer/filing/0001171200-24-000073.txt

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