June 03, 2010 at 16:29 PM EDT
BNO: Brent Oil Fund Now Available
With offshore oil drilling in the headlines – and not in a good way – now might seem like a curious time to launch another crude oil product.  Yet the world needs oil, regardless how much of it spills into the sea.  Today (6/2/10) marked the launch of United States Brent Oil Fund (BNO) for those who want to speculate on world oil prices. BNO comes from United States Commodity Funds, a pioneer in the commodity ETF niche.  The firm now offers eight energy-related funds covering crude oil (BNO, USO and USL), inverse crude oil (DNO), natural gas (UNG and UNL), heating oil (UHN) and gasoline (UGA). BNO differs from similar products in the particular type of oil futures it seeks to track.  Brent crude comes from Britain’s North Sea…
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