On March 27, 2026, the United States Brent Oil Fund, LP (BNO) filed a Form 8-K with the Securities and Exchange Commission (SEC) to disclose its annual financial statements for the year ended December 31, 2025. This filing is a routine requirement under the Commodity Exchange Act, ensuring transparency and compliance with federal regulations. The financial statements, which are included as Exhibit 99.1 in the filing, provide detailed insights into the fund's performance, including its assets, liabilities, and net asset value per share. As of December 31, 2025, BNO reported total assets of approximately $100.74 million, a decrease from $114.87 million in the previous year. The fund's net asset value per share was reported at $28.29, down from $30.14 in 2024. The filing also highlights the fund's operational strategies, including its investment in futures contracts related to Brent crude oil, and outlines the risks associated with market volatility and regulatory compliance. Investors are encouraged to review the full financial statements available on the fund's website and the SEC's database for a comprehensive understanding of BNO's financial health and operational outlook.

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