BNO posts $4.1M net loss in 2023, NAV per share down to $27.39

United States Brent Oil Fund, LP

Net loss of $4.09M in 2023 vs net income of $82.57M in 2022; net loss per share $0.87.
Total income (loss) from operations was -$2.32M vs +$85.22M prior year.
Net asset value per share fell to $27.39 from $28.26; shares outstanding dropped to 4.75M from 8.2M on net redemptions.
Unrealized loss on open futures contracts of $1.18M vs gain of $15.25M in 2022.
Cash equivalents and equity in trading accounts decreased to $130.9M from $219.1M.

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