28-Mar-2024
No press releases found.
Commodity Roundup: Oil set for third monthly gain; gold eyes best month since Oct.
Seeking Alpha News (Thu, 28-Mar 6:21 AM ET)
Russian cuts to crude output may bring $100 oil, J.P. Morgan says
Seeking Alpha News (Wed, 27-Mar 2:07 PM ET)
Crude inventory increased by 3.2M barrels for week ended March 22 - EIA
Seeking Alpha News (Wed, 27-Mar 10:34 AM ET)
Commodity Roundup: Oil down on surprise crude build; cocoa holds near record levels
Seeking Alpha News (Wed, 27-Mar 6:12 AM ET)
U.S. pump prices poised to hit $4 a gallon this summer, AAA says
Seeking Alpha News (Tue, 26-Mar 6:55 PM ET)
Commodity Roundup: Cocoa prices extend gains after surpassing $9,000 on supply woes
Seeking Alpha News (Tue, 26-Mar 6:26 AM ET)
Goldman stays bullish on commodities in anticipation of rate cuts
Seeking Alpha News (Tue, 26-Mar 4:23 AM ET)
The investment objective of BNO is for the daily changes in percentage terms of its units net asset value to reflect the daily changes in percentage terms of the spot price of Brent crude oil as measured by the changes in the price of the futures contract on Brent crude oil as traded on the ICE Futures Exchange that is the near month contract to expire except when the near month contract is within two weeks of expiration in which case the futures contract will be the next month contract to expire (the Benchmark Futures Contract) less BNO s expenses.
United States Brent Oil LP Etv trades on the ARCA stock market under the symbol BNO.
As of March 28, 2024, BNO stock price climbed to $31.91 with 334,468 million shares trading.
BNO has a beta of 0.19, meaning it tends to be less sensitive to market movements. BNO has a correlation of 0.01 to the broad based SPY ETF.
BNO has a market cap of $134.02 million. This is considered a Micro Cap stock.
In the last 3 years, BNO stock traded as high as $36.84 and as low as $15.48.
BNO stock has underperformed the market in the last year with a return of +23.3%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BNO shares. However, BNO has outperformed the market in the last 3 month and 2 week periods, returning +13.2% and +4.3%, while SPY returned +10.1% and +1.7%, respectively. This indicates BNO has been having a stronger performance recently.
BNO support price is $31.11 and resistance is $31.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BNO stock will trade within this expected range on the day.