---
schema_version: "secwatch.filing_event.v1"
accession: "0001171200-25-000099"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2025-03-24T23:59:59+00:00"
generated_at: "2026-05-24T06:28:24.230571+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "medium"
source: SEC EDGAR
---

# USCF (GP of Brent Oil Fund) files audited financials showing $5.3M member equity

## Summary
- Total assets $7.13M at Dec 31, 2024, down from $8.69M a year earlier.
- Cash and cash equivalents $2.27M vs $2.63M in 2023.
- Member's equity decreased to $5.28M from $6.22M.
- Management fees receivable from funds totaled $1.23M, primarily USO and UNG.
- Note 5 discloses ongoing legal proceedings including Optimum Strategies Action.

## SEC filing metadata
- accession: 0001171200-25-000099
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2025-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: medium
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000117120025000099/0001171200-25-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000117120025000099/i25108_bno-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171200-25-000099
- JSON: https://secwatch.observer/filing/0001171200-25-000099.json
- Plain text: https://secwatch.observer/filing/0001171200-25-000099.txt

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