About UNITED STS BRENT OIL FD LP COM
This investment aims to mirror the daily percentage changes in its net asset value (NAV) with the daily percentage shifts in the spot price of Brent crude oil. Essentially, it tracks the performance of Brent crude oil futures contracts traded on the ICE Futures Europe Exchange. Specifically, it focuses on the contract closest to expiration unless that contract is within two weeks of expiring, in which case it shifts to the next nearest contract set to expire. This strategy allows investors to gain direct exposure to the price movements of Brent crude oil, offering a way to potentially profit from fluctuations in the oil market.
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